W.Africa Crude - Angolan crude exports to fall in October
XLE•West African crude differentials steady as October Angolan programmes are digested
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)
