Saturday, 03 May 2025 | 18:18
SPONSORS
View by:

W. Africa Crude-Sonangol offers August cargoes, sells one already

Saturday, 24 June 2023 | 00:00

Angolan state oil firm Sonangol started offering August-loading spot cargoes this week and has already sold one of them, traders said on Friday.

* Sonangol offered a Girassol cargo at dated Brent plus $2.00 and a Saxi at dated plus 50 cents.

The Girassol offer was lower than one seen in early June when Sonangol offered a July cargo at dated Brent plus $2.30.

* Sonangol on Thursday sold an August-loading Dalia that was offered at dated Brent plus 25 cents.

* The Angolan firm allocated a total of 10 cargoes to term customers, a source said.

* On Nigerian crude, an overhang of unsold cargoes has been pressuring differentials, traders said this week. The August-loading programmes, due over the coming days, will boost that total.
Source: Reuters (Reporting by Alex Lawler; Editing by Mark Porter)

Recent Videos

Hellenic Shipping News Worldwide Online Daily Newspaper on Hellenic and International Shipping
Next article
Back to list
Previous article

Newer news items:

Older news items:

Comments
SPONSORS

NEWSLETTER