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OIL: WAF Sep. Cargo Overhang Clears: Reuters

OIL
BulletEnergy BulletsCommodities

Nigeria’s overhang of September crude cargoes has now cleared, but October differentials remain under pressure, Reuters said.

  • Consequently, Nigeria’s September loading programme has now cleared.
  • Bonny Light October cargoes are still on offer at around Dated Brent plus $2/b, unchanged on the day, but down from a $2.50/b surplus at the start of the week.
  • Meanwhile, Angola Sonangol sold its last October cargo to Unipec, Reuters added.
  • Around 11 Angolan cargoes now remain unsold on the October schedule.
  • Traders await the November Angolan loading programme early next week.
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Nigeria’s overhang of September crude cargoes has now cleared, but October differentials remain under pressure, Reuters said.

  • Consequently, Nigeria’s September loading programme has now cleared.
  • Bonny Light October cargoes are still on offer at around Dated Brent plus $2/b, unchanged on the day, but down from a $2.50/b surplus at the start of the week.
  • Meanwhile, Angola Sonangol sold its last October cargo to Unipec, Reuters added.
  • Around 11 Angolan cargoes now remain unsold on the October schedule.
  • Traders await the November Angolan loading programme early next week.