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W. Africa Crude-Sonangol sells out of August cargoes

Monday, 03 July 2023 | 00:00

Angola’s state oil company Sonangol has sold out of August-loading cargoes, a trader said on Friday, after two cargoes found homes this week.

* Angola’s Sonangol sold a Girassol cargo offered at dated Brent plus $3.00 and a Saxi cargo offered at dated plus 50 cents, a trader said. These were its last two spot cargoes.

* Around 12-13 Angolan cargoes for August are left with other sellers, a trader said, adding there had been solid demand from China and some European buying interest. Angola is due to export 34 crude oil cargoes in August.

* Nigerian crude differentials have slipped this week with offers of Qua Iboe dipping to below dated Brent plus $2.00.
Source: Reuters (Reporting by Alex Lawler; Editing by Louise Heavens)

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