Breaking News
Translate

W/ Africa Crude: Angolan clears slowly

Some April-loading Angolan crude cleared on Monday while some fresh tenders were issued and were expected to mop up some Nigerian

BP sold a cargo of Kissanje to Unipec. BP was previously offering the cargo at dated Brent plus $1.30 a barrel. The deal price did not immediately emerge but it was below $1 a barrel.

Total lowered its offers on its Angolan Nemba and Gindungo cargoes last week due to slowing demand after brisk trade last month. The cargoes were still unsold on Monday.

ALSO READ: What Angola can learn from Nigeria as it creates remarkable opportunities for marginal oil production

About 10 Angolan cargoes remained from the April programme.

Chevron sold a cargo of Congolese N’Kossa to the United States, a trader said.

Less than 10 Nigerian cargoes remained from the March loading programme, and around 30 April-loading cargoes.

All rights reserved. This material and any other digital content on this platform may not be reproduced, published, broadcast, written or distributed in full or in part, without written permission from VANGUARD NEWS.

Disclaimer

Comments expressed here do not reflect the opinions of vanguard newspapers or any employee thereof.