Trading was muted on Wednesday as market participants in Asia and parts of Europe returned after holidays this week. Roughly a third of Angola’s June programme had yet to trade, while some Nigerian barrels could be reoffered, traders said.
* While most traders said Asian buying would pick up following holidays in the region, no fresh deals were reported on Wednesday. * China’s Unipec, typically one of the largest buyers of West African oil, continued to offer five cargoes of May-loading oil delivered to the teapot refinery port of Shandong.
* It was offering Angolan Cabinda, Mondo, Kissanje and Saturno and Congolgese Djeno.* It also lowered its fob offer of Plutonio to a 90 cent discount versus dated Brent, down from an initial discount of 40 cents.* Angola’s Sonangol was also offering cargoes, including Girassol at $1 a barrel above dated Brent, Olombendo at dated Brent plus $1.20 and Sangos at a 60 cent discount, as well as two Dalia at dated Brent minus $1.50 and Hungo at a 40 cent discount. Reuters
