W. Africa Crude-Angola issues May allocations

PUBLISHED: Fri, 26 Mar 2021 16:48:53 GMT
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LONDON, March 26 (Reuters) – Angola’s state oil firm Sonangol released its May allocations on Friday, while demand remained depressed, particularly in Europe, due to COVID-19 travel restrictions.

* Sonangol is offering two cargoes on a spot basis for May – a cargo of Saturno loading May 18-19 at dated Brent plus $1.00 and a cargo of Cabinda loading May 8-9 at dated Brent plus 80 cents a barrel.

* Oando did not return to window to offer its cargo of Pennington though the cargo remained unsold.

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* The Suez Canal stepped up efforts on Friday to free a stuck mega vessel, after an earlier attempt failed to end a blockage that has lifted shipping rates for fuel tankers and disrupted global supply chains for everything from grains to baby clothes. (Reporting by Julia Payne; Editing by Shinjini Ganguli) ))

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