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Angola’s March Oil Supplies Starting to Clear

OIL

Angola’s crude cargoes for March loading are starting to clear out, with more than two-thirds of cargoes now sold, according to Bloomberg.

  • Between 7-10 Angolan crude cargoes are still looking for buyers out of a schedule of 34.
  • This compares to 14 cargoes unsold on Feb. 5.
  • The cargoes are being lifted to a range of buyers in Asia and Europe, according to Bloomberg citing market sources.

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