LONDON: Offer levels for some Angolan crude grades were reduced on Monday as sellers attempted to clear remaining cargoes before the February loading schedule, which is expected soon.
Angolan Dalia and Pazflor were being offered at dated Brent minus 50 cents, a trader said, down from Friday’s offers of dated minus 30 cents and minus 20 cents.
About 10 cargoes of January-loading crude are still available among all sellers.
The February loading programme should be released close to Dec. 16, based on the usual trading calendar.
About 30 cargoes were left from the January programme, amounting to ample supply.
Qua Iboe for January loading was being offered on Monday by Total at dated Brent plus $1.95 – up 25 cents from than the last offer level, which was reported on Wednesday.
Total is thought by traders to have as many as six Qua cargoes.