off-the-wire

W. Africa Crude-Angola offers steady, around 10 cargoes unsold

Kitco Media
By Reuters
Published:
Updated:
Reuters
LONDON, March 13 (Reuters) - Offers of Angolan crude were steady on Monday after being trimmed on Friday amid ample supply, while Nigerian crude differentials were coming under downward pressure.


* Angola's state oil company Sonangol was still offering April-loading Cabinda at dated Brent plus $2.20 and Dalia at dated Brent minus 20 cents.
* Around 10 cargoes of Angolan crude are still available, a trader said, a relatively large volume for this point in the trading cycle. The May loading schedule is expected to be issued on Thursday.
* Nigerian crude differentials were heard to be weakening in response to narrower refining margins and lower values for competing grade Azeri Light. (Reporting by Alex Lawler; Editing by Tomasz Janowski)

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.