LONDON, April 11 – The number of remaining Angolan cargoes for May loading is getting steadily smaller, traders said on Tuesday, after sellers such as state oil company Sonangol lowered their asking prices.
* Around 9 or 10 Angolan cargoes from the May programme are still available, down from Monday’s assessment of 14-15 cargoes.
* Of these, state oil company Sonangol just has a Dalia cargo to sell, which it was still offering at dated Brent minus 70 cents a barrel. Sonangol lowered its offer for Dalia to that level on Monday. One potential buyer saw value closer to dated minus $1.00.
* Nigerian Qua Iboe was offered at around dated Brent plus $1.00 a barrel but trade levels were thought to be slightly lower.
* There is ample supply of Nigerian crude. One trader said there was about 30 cargoes available.
* Indian Oil Corp. is running a buying tender for cargoes loading on June 5-15. The first part closes on April 12 and the second part on April 13, with results expected soon after.