Pt Pertamina Geothermal Energy TbkIDX: PGEO

W.Africa Crude-Differentials hold steady ahead of Angolan schedule

· Issued by Pt Pertamina Geothermal Energy Tbk

West African crude oil differentials were stable on Tuesday as traders awaited the Angolan loading programme for February

  • Angola's February loading programme did not surface on Tuesday, a trade source told Reuters.

  • State-owned Sonangol circulated its available cargoes for February in the absence of a full loading schedule for the month.

  • Sonangol has six cargoes of 950,000-1,000,000 barrels available in February for term customers to nominate, a trade source said.

  • Traders were also awaiting results of a buy tender by Indonesia's Pertamina. Results are expected on Wednesday.

  • Trading for January cargoes has also been slow in recent days, trade sources said, leaving a sizeable overhang of cargoes.