W.Africa Crude - Angolan crude exports to fall in October
W.Africa Crude - Angolan crude exports to fall in October LONDON, Aug 20 (Reuters) - West African crude oil differentials were stable on Thursday as traders digested October Angolan loading programmes.
Angolan crude exports are scheduled at 932,000 barrels per day in October across 30 cargoes, a preliminary loading programme seen by Reuters showed, down from 1.04 million bpd across 34 cargoes scheduled for September.
Around eight Angolan cargoes remain unsold for September after Asian refiners picked up cargoes recently, a trader said on Thursday.
Meanwhile, around 25 Nigerian September cargoes were heard to be available last week, a source said, with ample still available this week.
Asian demand for West African crudes has been supported by Middle East disruptions, however high freight rates could provide a ceiling to flows.
Nigeria allocated seven crude cargoes in September for the Dangote oil refinery, according to data seen by Reuters.
(Reporting by Robert Harvey; Editing by Diti Pujara)
((robert.harvey@thomsonreuters.com))
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