Nigerian crude remained under downward pressure on Friday despite glitches affecting the supply of several streams, while traders in the Angolan market were awaiting loading programmes, according to Reuters.
NIGERIA
Up to 30 cargoes of July-loading crude are still available out of the 48 originally planned, a trader said, a few more than estimated on Thursday, representing plentiful supply.
Loadings of Qua Iboe crude in June and July have been delayed by about a week following power outage, two trade sources said, shifting a few cargoes into later months.
Qua Iboe was said by one trader to be worth less than dated Brent plus $1.00 a barrel, a relatively low premium for the grade, as the loading delays are discouraging buyers.
Shipments of Bonny Light are subject to force majeure and the Trans Ramos pipeline, which carries Forcados to the coast for export, is closed for repairs.
ANGOLA
About five cargoes of July-loading crude are still unsold, one fewer than estimated on Thursday.
The August loading programme had not emerged by 1600 GMT on Friday so is likely to appear on Monday. (Reporting by Alex Lawler Editing by Louise Heavens) )
