The bulk of Angola’s September-loading cargoes have found buyers two weeks into the trading cycle, suggesting solid demand from China and other regions.

The September trading cycle for Angolan crude has had a swift start since the loading schedule was issued. About 12-13 cargoes are still unsold, a trader said, out of the 31 scheduled for loading.

Differentials have risen, traders have said. Dalia crude was last heard offered at about dated Brent plus $1.50.

Repair work on Nigeria’s suspended Forcados crude oil terminal is expected to be completed by early next week, a shipping source told Reuters on Monday.

No force majeure has been declared.
Source: Reuters (Reporting by Alex Lawler; Editing by Tomasz Janowski)