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Sonangol Cuts Offer Prices for September Loading Crude Cargoes

OIL

Sonangol reduced its offer price for three shipments of Angolan crude compared to the previous week, Bloomberg said.

  • 950k bbl of Kissanje for Sep. 26-27 loading were offered at Dated plus 80 cents/b. This is down from a $1/b premium July 29.
  • 950k bbl of Dalia for Sep. 17-18 loading was pegged at parity to Dated Brent, compared to 20 cents/b from July 29.
  • 600k bbl of Gimboa for Sep. 26-27 loading was offered at Dated Brent minus $1/b, a wider discount that the 70 cents/b July 29.

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