off-the-wire

W. Africa Crude-Nigerian programmes being issued, OSPs due

Kitco Media
By Reuters
Published:
Updated:
Reuters
LONDON, Feb 17 (Reuters) - Nigerian crude loading programmes for April were in focus on Friday with the schedules for several streams being issued and official selling prices for March expected to emerge soon.
* Nigerian April loading programmes so far issued include the following:
* Nigerian Qua Iboe, four cargoes: April 7-8 Exxon; April 14-15 NNPC; April 21-22 Exxon; April 27-28 NNPC


* Nigerian Erha, three cargoes: April 1-2 Shell; April 13-14 Exxon; April 25-26 Shell
* Nigerian Yoho one cargo: April 28-29 NNPC
* Nigerian Usan: No cargoes
* Nigerian Bonga, four cargoes: April 1-2 NNPC; April 9-10 NNPC; April 17-18 NNPC, April 26-27 Shell
* Equatorial Guinean Zafiro: One cargo: April 26-27 Exxon
* On Angolan crude, the loading programme for April was issued on Thursday. Traders said term allocations had not yet been finalised and no spot offers were heard on Friday.
* While Angolan supply is set to increase in April, stronger Asian demand that supported the market in the March trading cycle is expected to continue.


* Higher freight rates and weaker margins could limit the upside for differentials, a trader said. (Reporting by Alex Lawler; Editing by Kirsten Donovan)

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

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