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OIL: Less Than a Third of Angola Nov, Cargoes Left

OIL
BulletEnergy BulletsCommodities

Less than a third of Angola's crude cargoes for November are left a trader said to Reuters on Thursday adding that offers remain steady vs Wednesday. 

  • About 10 cargoes of November-loading Angolan crude are still looking for buyers out of a load total of 33.
  • Meanwhile, Nigerian October loading cargoes still have a backlog to clear. Bonny Light crude was last offered at dated Brent plus $1.25 a barrel for end-October loading with diffs under pressure from demand weakness.
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Less than a third of Angola's crude cargoes for November are left a trader said to Reuters on Thursday adding that offers remain steady vs Wednesday. 

  • About 10 cargoes of November-loading Angolan crude are still looking for buyers out of a load total of 33.
  • Meanwhile, Nigerian October loading cargoes still have a backlog to clear. Bonny Light crude was last offered at dated Brent plus $1.25 a barrel for end-October loading with diffs under pressure from demand weakness.