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W. Africa Crude-Angolan under pressure from weak demand

PUBLISHED: Fri, 09 Apr 2021 16:49:57 GMT

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LONDON, April 9 (Reuters) – Angolan crude differentials were under downward pressure on Friday as limited demand in Europe and China weighed on the market.

ANGOLA

* About 10 Angolan May-loading cargoes were available from equity holders, the same as on Thursday.

* Eni was still offering Cabinda at dated Brent plus 30 cents, a trader said. Another seller was thought to be offering a cargo at a discount to the benchmark, but further details were not available.

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* Other offers were heard to be steady: Chevron was offering a cargo of Nemba at dated Brent minus 80 cents and CLOV was on offer at dated Brent plus $1.00.

* Dalia was last offered at dated minus 10 cents, and a trader said sold prices were lower at between dated minus 50 cents and minus $1.00 due to weak demand. (Reporting by Alex Lawler; Editing by Kirsten Donovan) ))

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