W. Africa Crude-Lower freight rates boost Angolan demand

Kitco Media
By Reuters
Published:
Updated:
Reuters
LONDON, May 5 (Reuters) - A drop in freight rates has helped to boost demand for Angolan crude this week, traders said on Friday.


* Angola's state oil company Sonangol has sold out of June-loading cargoes, after selling its cargo of Kissanje this week, a trader said. Demand has perked up from earlier in the trading cycle, with China taking more.
* Nigerian Qua Iboe is scheduled to load two cargoes in June, both delayed from May. A loading schedule for the rest of June, and for other Exxon-operated Nigerian grades, had yet to emerge.
* Traders said the Nigerian market is stil well supplied, leeping differentials under pressure. (Reporting by Alex Lawler; Editing by Kirsten Donovan)

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.