W. Africa Crude-Angolan allocations emerge, offers abound

Kitco Media
By Reuters
Published:
Updated:
Reuters
LONDON, Feb 22 (Reuters) - Angola's April allocations emerged on Wednesday prompting a flurry of offers.


* Angola's state oil firm Sonangol was offering three spot cargoes: Girassol at dated Brent plus $3.20, Cabinda at dated Brent plus $3.00 and Dalia at dated Brent plus 20 cents a barrel.


* Eni was offering Saxi at dated Brent plus $2.00, Olombendo at dated Brent plus $2.20 and Cabinda at dated Brent plus $2.60 a barrel.


* Equinor was offering Kissanje at dated Brent plus 95 cents a barrel. It also has Pazflor and Saturno available.


* Around 20 cargoes of March loading Nigerian cargoes were still available as gasoil-rich grades came under pressure on weaker margins. Similarly, the price for Mediterranean grade Azeri Light crude has crashed over the last month.


* Perenco sold its April cargo of CoCo to Vitol and Cameroon's SNH sold a cargo of April loading Kole to Shell, traders said.
(Reporting by Julia Payne; Editing by Kirsten Donovan)


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