Angola will ship 28 crude oil cargoes in November, down from 30 in October, according to a preliminary loading schedule released Friday. West African crude oil price differentials stay supported by Middle East supply disruptions, though some traders say rising shipping costs are capping further gains.
Angola will ship 28 crude oil cargoes in November, down from 30 cargoes scheduled for October, a preliminary loading schedule released Friday showed. The November program includes three cargoes each of Girassol, Dalia and Pazflor crude.
The lower shipment count comes as West African crude price differentials remain supported by supply disruptions in the Middle East. Some traders, however, said rising shipping costs are limiting further price increases.
Source: Commodities & Futures News (snippet-based)
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