W. Africa Crude-Sonangol sells last cargo, Nigerian offers rise

Kitco Media
By Reuters
Published:
Updated:
Reuters
LONDON, Feb 2 (Reuters) - West African crude markets looked on Thursday to be finding further support from brisk demand as well as tight supply.
* Angolan state oil firm Sonangol sold its last March-loading spot cargo, a Girassol last offered at dated Brent plus $1.70, a trader said. Another trader said the buyer was Chevron.
* Chevron was no longer offering its March-loading Cabinda which was shown at dated Brent plus $1.20 earlier this week, a trader said. Whether or not it was sold was not known.
* Global tightness in light sweet crude has helped to buoy offers for Nigerian crude. Qua Iboe was heard to be on offer for a premium close to dated Brent plus $4.00 a barrel, up from around dated plus $3.50 heard on Monday.
* Uruguay's ANCAP has a buy tender running for a March 26-30 arrival cargo. The tender closed on Wednesday.
* Cameroon's SNH issued a sell tender for March-loading cargoes of Lokele and Kole. The tender closes on Feb. 7.
* Other tenders from South Africa's Sasol and Indonesia's Pertamina may be on hold, a trader said.
(Reporting by Alex Lawler; Editing by Kirsten Donovan)

Messaging: alex.lawler.reuters.com@reuters.net))

W Africa Asia crude exports, monthly New African oilfields speed guide crude speed guide
NYMEX crude ICE crude North Sea crude oil oil products derivatives European products Latest ICE Latest NYMEX ))))
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.