W. Africa Crude-More Angolan crude offered amid weak demand

PUBLISHED: Wed, 31 Mar 2021 16:16:14 GMT
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LONDON, March 31 (Reuters) – More cargoes of Angolan crude were offered on Wednesday, some at lower differentials, as demand in Europe and China remains subdued.

ANGOLA

* State oil company Sonangol was still offering two cargoes on a spot basis for May – a cargo of Saturno loading May 18-19 at dated Brent minus $1.00 and a cargo of Cabinda loading May 8-9 at dated Brent plus 80 cents, a trader said.

* Exxon offered a cargo via the Platts system, a May 18-19 Kissanje at dated Brent minus $1.00, trimming the offer from minus 70 cents initially.

* Equinor was still offering a cargo of Girassol via Platts, showing it at dated Brent minus 35 cents a barrel loading May 1-12, lower than an offer on Tuesday.

NIGERIA

* Qua Iboe and Bonny Light were assessed at parity to slightly below dated Brent, stable compared to Tuesday. (Reporting by Alex Lawler; Editing by Shinjini Ganguli) ))

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