
Angolan cargoes for October loading have yet to all sell out, traders said on Friday, while sellers started to offer November-loading cargoes.
* Around five October-loading Angolan cargoes are still for sale, a trader said.
* A jump in freight costs has put pressure on the economics of taking West African crude to Asia, prompting differentials to fall. One trader said on Friday the structure of dated Brent was also hindering the arbitrage.
* Angola’s loading programme for November lists 36 cargoes, up from 31 planned in October.
* A CLOV cargo was offered at dated Brent plus $1.65, although the loading dates could not be confirmed.
* Sellers on Friday offered a few November-loading Angolan cargoes including:
* Dalia, November 27-28, dated Brent plus 90 cents.
* Mostarda, November 27-28, dated Brent plus 40 cents.
* On Nigerian crude, Amenam was offered at dated plus 60 cents and Egina at dated plus $6.50, a trader said.
Source: Reuters