Afran : Angola's crude exports to slip in March: trade
on 2010/1/19 9:45:40
Afran

20100118

LONDON (Reuters) - Angola's crude oil exports were expected to fall in March but will remain well above the output target set by producer group OPEC, traders said on Monday.

Angola is set to export an average of 1.79 million barrels per day (bpd) of crude oil in March, down from 1.88 million bpd in February, according to preliminary loading programmes.

For a graphic on Angola's crude oil output, click here: here

The loading schedules give planned Angolan exports for the month but are released well ahead of the dates cargoes are due to be shipped and are therefore subject to change.

In February, schedules showed 1.81 million bpd of crude was due to be exported before two cargoes were added to the programme a week later, taking output up to 1.88 million bpd.

"It looks like volumes are down slightly but there could be extra cargoes added later and I don't think it is a significant drop, just a bit of tinkering," one physical West African crude trader said on Monday.

Despite a dip in planned exports for March, Angola's output would still be well ahead of its target set by the Organization of the Petroleum Exporting Countries.

Angola says its output target is 1.656 million bpd. But an OPEC internal document widely quoted by industry sources suggests Angola's limit is 1.52 million bpd.

Previous article - Next article Printer Friendly Page Send this Story to a Friend Create a PDF from the article


Other articles
2023/7/22 15:36:35 - Uncertainty looms as negotiations on the US-Kenya trade agreement proceeds without a timetable
2023/7/22 13:48:23 - 40 More Countries Want to Join BRICS, Says South Africa
2023/7/18 13:25:04 - South Africa’s Putin problem just got a lot more messy
2023/7/18 13:17:58 - Too Much Noise Over Russia’s Influence In Africa – OpEd
2023/7/18 11:15:08 - Lagos now most expensive state in Nigeria
2023/7/18 10:43:40 - Nigeria Customs Intercepts Arms, Ammunition From US
2023/7/17 16:07:56 - Minister Eli Cohen: Nairobi visit has regional and strategic importance
2023/7/17 16:01:56 - Ruto Outlines Roadmap for Africa to Rival First World Countries
2023/7/17 15:47:30 - African heads of state arrive in Kenya for key meeting
2023/7/12 15:51:54 - Kenya, Iran sign five MoUs as Ruto rolls out red carpet for Raisi
2023/7/12 15:46:35 - Ambassador-at-Large for Global Women’s Issues Gupta Travels to Kenya and Rwanda
2023/7/2 14:57:52 - We Will Protect Water Catchments
2023/7/2 14:53:49 - Kenya records slight improvement in global peace ranking
2023/7/2 13:33:37 - South Sudan, South Africa forge joint efforts for peace in Sudan
2023/7/2 12:08:02 - Tinubu Ready To Assume Leadership Role In Africa
2023/7/2 10:50:34 - CDP ranks Nigeria, others low in zero-emission race
2023/6/19 15:30:00 - South Africa's Ramaphosa tells Putin Ukraine war must end
2023/6/17 15:30:20 - World Bank approves Sh45bn for Kenya Urban Programme
2023/6/17 15:25:47 - Sudan's military govt rejects Kenyan President Ruto as chief peace negotiatorThe Sudanese military government of Abdel Fattah al-Burhan has rejected Kenyan President William Ruto's leadership of the "Troika on Sudan."
2023/6/17 15:21:15 - Kenya Sells Record 2.2m Tonnes of Carbon Credits to Saudi Firms

The comments are owned by the author. We aren't responsible for their content.