IMG.gif

Chinese Demand Revives Angolan Exports

Copyright © 2021 Energy Intelligence Group
rf5642610-country-flags-angola
  • Angola appears set for another uptick in crude differentials thanks to firmer Asian demand and tighter supply.
  • Nigeria has cut its official selling prices to clear an overhang.
  • Nigeria continues to suffer ongoing delays at several terminals.

The West African crude market has returned to a familiar, lively pattern ahead of the trade in November cargoes. Angola managed to clear its medium, sweet October cargoes, while Nigeria, which trades over a longer cycle, wrestled with a 15-20 cargo overhang.

North Sea loadings in November will undergo a slight decline while global markets fret about a looming supply shortage.
Tue, Oct 12, 2021
US crude’s march above $80 has left many wondering how short-cycle shale suppliers might respond. Energy Intelligence examines the factors in play.
Fri, Oct 15, 2021
Spiking natural gas prices are adding oil demand as utilities switch to fuel oil and consumers opt for cheaper heating oil and kerosene.
Fri, Oct 15, 2021