off-the-wire

W. Africa Crude-Girassol offered lower

Kitco Media
By Reuters
Published:
Updated:
Reuters
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))

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