W. Africa Crude-Girassol offered lower

LONDON, May 10 (Reuters) - Angolan Girassol crude was offered lower this week, traders said on Wednesday, in a fresh sign that differentials have weakened from the start of the trading cycle for June-loading cargoes.

* BP was offering a Girassol for loading June 4-5 at dated Brent plus $1.05 via the Platts window on Tuesday, traders said. The offer did not reappear on Wednesday.

* At the start of the trading cycle for June-loading cargoes, Angolan state oil firm Sonangol sold a Girassol offered at dated Brent plus $2.70.
* About seven cargoes of June-loading Angolan crude are still unsold, traders said, with a number of grades available including Girassol.
* Nigerian crude has also weakened in response to ample supply with Bonny offered for dated Brent parity to plus 80 cents this week. (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 ))))

Reuters

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.

off-the-wire

W. Africa Crude-Girassol offered lower

By Reuters

Reuters

Reuters

Gold is never going back to $2,000: 'That's history,' prices to 3x from here – Peter Schiff

‘Biggest economic shift since Nixon’: Major U.S. monetary policy changes coming in 12-36 months – Jack Mallers

India joins South Africa in denying BRICS currency plans after Trump’s 100% tariff threat

Solid price gains for gold, silver after busy news weekend

Bitcoin remains a ‘speculative vehicle’ and ‘won’t work’ as a reserve: ‘I prefer gold’ – Ray Dalio