W. Africa Crude-Some Angolan cargoes trade ahead of holidays

Reuters12-20 23:40
W. Africa Crude-Some Angolan cargoes trade ahead of holidays

LONDON, Dec 20 (Reuters) - An overhang of January-loading Angolan crude was heard to be slowly finding homes on Friday and some early deals for February were being done ahead of the Christmas break.

* On Angolan crude, around five January-loading cargoes are still available, a trader said, suggesting one deal in the last day or so.

* Chevron sold an end-January cargo of Cabinda to Glencore, a trader said. Chevron was also heard to have sold a February-loading Nemba cargo to Indian Oil Corp.

* Angola's February loading programme emerged this week and state-owned Sonangol has yet to start offering February cargoes.

* On Nigerian crude, a trader said on Friday offer levels had not changed.

* December-loading Nigerian Qua Iboe was last heard on offer at around dated Brent plus $1.60, unchanged since the end of last week.

* There is still a sizeable volume of December- and January-loading cargoes to clear, traders have said.

(Reporting by Alex Lawler; Editing by Vijay Kishore and Elaine Hardcastle)

((Robert.Harvey@thomsonreuters.com; +447552256587;))

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