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OIL: Sonangol Cuts Offer Price Again for Girassol Cargo for November

OIL
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Angola’s Sonangol further reduced its offer price for a shipment of Girassol crude for late-November loading, according to a price list seen by Bloomberg.

  • The 1m bbl cargo for Nov. 28-29 loading is for sale at Brent +$1.80/b. This compares to Brent +$2.50/b Oct. 7 and Brent +$3/b Sep. 27.
  • Unipec purchased a separate shipment for Girassol for Nov. 18-19 loading from BP and Dated Brent +$1.45/b.
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Angola’s Sonangol further reduced its offer price for a shipment of Girassol crude for late-November loading, according to a price list seen by Bloomberg.

  • The 1m bbl cargo for Nov. 28-29 loading is for sale at Brent +$1.80/b. This compares to Brent +$2.50/b Oct. 7 and Brent +$3/b Sep. 27.
  • Unipec purchased a separate shipment for Girassol for Nov. 18-19 loading from BP and Dated Brent +$1.45/b.