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W. Africa Crude Traders Await Sept Programs

By  AOG Staff Monday, 15 July 2019 09:46
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Some August-loading Angolan cargoes cleared but trading was slow on Monday as new programs were expected to emerge this week.

File Image: AdobeStock / © Jose Gill
File Image: AdobeStock / © Jose Gill

The preliminary Angolan loading program for September is expected to emerge on Tuesday. New Nigerian programs are expected at the end of the week.

BP's August-loading cargo of Girassol, two August-loading cargoes of Mostarda were sold to India's Reliance, China's Unipec and an independent Chinese refiner, a trader said. The Mostardas were sold at less than dated Brent minus $1.00 a barrel.

A cargo of Gindungo was being offered at dated Brent plus 35 cents a barrel.

Separately, Phillips 66 was preparing to begin a restart on Monday of its southeast Louisiana refinery, which was shut because of the threat of Tropical Storm Barry, the company said.

Reporting By Julia Payne

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