off-the-wire

W. Africa Crude-Angolan cargoes allocated, Forcados faces delays

Kitco Media
By Reuters
Published:
Updated:
Reuters
LONDON, April 21 (Reuters) - Angolan state oil firm Sonangol has allocated June-loading cargoes to term customers, while loadings of Nigerian Forcados were heard on Friday to be facing delays of up a week.


* Sonangol has allocated around 10 June-loading cargoes to term buyers, a trader said. Some sellers were heard to be offering spot cargoes already although details were not available.
* Forcados: Cargoes are facing loading delays of around a week in May, a trader said. Shell, which operates Forcados, wasn't immediately able to comment on whether force majeure has been declared.
* Qua Iboe: The June loading programme was still not issued, a trader said, after labour disputes forced operator Exxon to declare force majeure from different terminals in the country earlier this week.
* Qua was last offered at dated Brent plus $2.25 to $2.50 depending on dates. (Reporting by Alex Lawler; Editing by Kirsten Donovan)

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

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