off-the-wire

W. Africa Crude-Angolan offers steady, Nigerian supply ample

Kitco Media
By Reuters
Published:
Updated:
Reuters
LONDON, March 2 (Reuters) - Offers of Angolan crude were heard to be steady on Thursday after a quiet week, traders said, while Nigerian supply was heard to be plentiful.


* Spot activity has been limited this week as traders focused on attending International Energy Week events in London.
* Angola's state oil firm Sonangol was still offering three April-loading 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, a trader said.
* Nigerian crude was heard to be in ample supply, potentially weighing on differentials.


* Higher Nigerian output has helped boost OPEC output in February, surveys from Reuters and Bloomberg found this week. (Reporting by Alex Lawler; Editing by Elaine Hardcastle)

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.