W. Africa Crude-Sonangol moves Girassol cargo to December
LONDON, Oct 11 (Reuters) -Angolan state oil company Sonangol has moved its November-loading cargo of Girassol into December, a trade source said, reducing the number of unsold November barrels.
* Sonangol was offering the Girassol for Nov. 28-29 at dated Brent plus $1.80 this week, down from plus $3.00 earlier. The loading has shifted to December and it is not being offered now, a source said.
* Differentials fell in the past week. Girassol traded this week at dated Brent plus $1.45.
* As few as two cargoes of Angolan crude from the November loading programme could remain unsold, a trade source said, down from an estimated four on Thursday.
* Ample supply and recent weakness in refining margins have been weighing on differentials.
* On Nigerian grades, Bonny Light was last heard offered at dated Brent plus $1.00 and Qua Iboe was last offered at dated Brent plus $2.75.
* The December Angolan loading schedule is expected to emerge next week.
Reporting by Alex Lawler; editing by Krishna Chandra Eluri
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