off-the-wire

W. Africa Crude-Sonangol sells three June-loading cargoes

Kitco Media
By Reuters
Published:
Updated:
Reuters
LONDON, April 24 (Reuters) - Angolan state oil firm Sonangol has sold three June-loading spot cargoes, traders said on Monday, in a brisk start to the monthly trading cycle amid signs of a stronger market.


* Sonangol on Friday sold cargoes of Girassol offered at dated Brent plus $2.70, Dalia offered at dated Brent minus $1.20 and CLOV offered at dated Brent plus +$1.10, traders said. As of Monday, Sonangol was still offering Kissanje at dated Brent plus $1.20.
* On Arpil 11, a May-loading Girassol was heard to have sold at dated Brent plus $1.90, so the market has firmed based on asking prices, although sold prices are not known.


* Qua Iboe: The June loading programme was still not issued, a trader said on Monday, after labour disputes forced operator Exxon to declare force majeure from different terminals in the country last week.
* Forcados: Cargoes are facing loading delays of around a week in May, a trader said.
(Reporting by Alex Lawler; Editing by)

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

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