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W.Africa Crude - Angolan crude exports to fall in October

W.Africa Crude - Angolan crude exports to fall in October

- 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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