off-the-wire

W. Africa Crude-Demand ebbs after early surge for June barrels

Kitco Media
By Reuters
Published:
Updated:
Reuters
LONDON, April 26 (Reuters) - Angolan crude sales have slowed after an early surge in the monthly trading cycle, traders said on Wednesday, while loading programmes for some key Nigerian streams had yet to be released.


* Sonangol was still offering a cargo of June-loading Kissanje at dated Brent plus $1.20, a trader said, after selling three cargoes on Friday in an unusually rapid start to the monthly trading cycle.
* One trader said buying interest had cooled since Friday citing weaker refining margins.
* June export plans for Nigerian Qua Iboe crude and three smaller streams were on hold after operator Exxon declared force majeure amid a labour dispute earlier this month.
* India's HPCL is running a tender to buy two cargoes of late-July arriving crude supplies. (Reporting by Alex Lawler; Editing by Tomasz Janowski)

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

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