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Sonangol Adds Fourth Cargo to Sep Spot Offer

OIL

Sonangol has added a fourth crude cargo for its Sep. loading to its offer to spot buyers, Bloomberg said.

  • The company also reduced its offer price for three other shipments, compared with an offer last week.
  • 950k bbl of Kissanje for Sep. 26-27 loading are now offered at Dated Brent plus $1/b.
  • 950k bbl of Dalia for Sep. 17-18 loading is now pegged at Dated Brent plus 20 cents/b. This is down a from 50 cents/b premium to Dated. The loading dates are also brought forward from Sep. 18-19.
  • 1m bbl of Girasol for Sep. 9-10 loading is offered at Dated Brent plus $3.30/b, down from a $3.50/b premium last week.
  • 600k bbl of Gimboa for Sep. 26-27 loading is offered at Dated minus 70 cents/b, a widening discount from 50 cents/b last week.
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