W. Africa Crude-Unsold Angolan cargoes whittled down, Nigerian still struggling for buyers [Reuters]
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Source: Reuters
W. Africa Crude-Unsold Angolan cargoes whittled down, Nigerian still struggling for buyers | Reuters 2 Min Read LONDON, Dec 10 (Reuters) - A few Angolan crude cargoes changed hands on Monday, but not enough to help raise differentials, while prices for Nigerian cargoes held steady as the market struggled with a large overhang of unsold oil. * Around 10 January cargoes are still left for sale, including Pazflor, Saturno and Cabinda, compared with a dozen estimated on Friday, but this was seen as an unusually large number, given that the February loading programmes are due out late this week, or possibly early next week. * Offers for January-loading Qua Iboe held around $1.65 a barrel above dated Brent, although this was perceived to be still too expensive to attract much interest, traders said. * Traders estimated late last week that the surplus of unsold cargoes for December and early January was close to 30. * Nigeria’s oil minister expects a final investment decision (FID) on its Bo
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