Angolan and nigerian crudes-January loading programmes start to appear
By Reuters Staff
Petroleumworld 11 17 2017
Angolan crude exports look set to hold steady in January, a trade source said on Thursday, while ample supply was weighing on Nigerian differentials.
* Angola will export 51 cargoes in January, a trade source said on Thursday, citing a preliminary loading programme. The cargo count matches December's plan.
* Some December-loading cargoes are still available.
* Loading programmes for January started to be issued earlier than expected. Exports of Forcados are set to rise, while shipments of Qua Iboe and Bonny Light will slip.
* Differentials for Qua were steady after coming under pressure this week following the addition of another cargo to the November programme.
* November-loading Qua was offered at dated Brent plus $1 and December barrels were shown on Thursday at dated Brent plus $1.30, both unchanged from offers reported on Wednesday.
The last November cargo to trade was sold at below dated plus $1 and the likely deal level for December cargoes is probably also below the offer.
* Taiwan's CPC is running a buying tender closing on Friday for January-loading sweet crude.
* Indian Oil Corp is running a buying tender for West African crude loading Jan. 10-20, including a range of Nigerian and Angolan grades along with those from Cameroon, Ghana, Gabon and Equatorial Guinea.
Reporting by Alex Lawler; Editing by David Goodman de Reuters.
reuters.com 11 16 2017
We invite all our readers to share with us
their views and comments about this article.
Write to email@example.com
By using this link, you agree to allow PW
to publish your comments on our letters page.
Any question or suggestions,
please write to: firstname.lastname@example.org
Best Viewed with IE 5.01+ Windows NT 4.0, '95,
'98,ME,XP, Vista, Windows 7,8,10 +/ 800x600 pixels