UPDATE 1-W. Africa Crude-Nigerian programmes near completion as Exxon dispute resolved

Kitco Media
By Reuters
Published:
Updated:
Reuters
(Adds detail on Angolan market, paras 8-9) LONDON, April 28 (Reuters) - More Nigerian export plans for June emerged as production resumed on ExxonMobil-operated crude oil streams, though official selling prices were still awaited.


* Nigeria's Escravos stream will load four cargoes while Agbami will load three.
* Despite weeks of loading delays, the Forcados stream is due to load eight crude cargoes while Bonga and Bonny Light will load four each.
* Official Selling Prices (OSPs) for Nigerian crude in May had yet to emerge, a delay of several days compared to earlier months, which traders attributed to disruption wrought by the force majeure called over exports of four ExxonMobil-operated streams due to a labour dispute earlier this month.
* Despite the company announcing the resumption of activity on the affected streams on Thursday, June export programmes for the key Qua Iboe stream and three smaller ones had yet to emerge.
* Six cargoes of Congolese Djeno are set to be loaded in June, according to a preliminary programme seen by traders.
* Offers for light sweet Nigerian Bonny Light crude were at about dated Brent plus $1.30 a barrel, traders said.
* The Angolan market has seen a lull in demand after an initial flurry of trades of June-loading cargoes, traders said.
* Angola's state oil company Sonangol was still offering a cargo of Kissanje at dated Brent plus $1.20, unchanged from earlier this week. (Reporting by Noah Browning and Alex Lawler; editing by Jonathan Oatis and Louise Heavens)

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