Trade

Angola plans to export 1.80 million bbls/d of Crude oil in December

Wednesday, 21 October 2015 04:21

Angola is set to export approximately 1.80 million bbls/d of crude oil by December.

According to a provisional loading schedule, is higher than the 1.77 million bbls/d intended in November, Reuters reports.

Oil companies including Exxon, Total and Chevron and Sonangol are to export the oil on 58 cargoes against the 55 cargoes intended to move in November.

Pressure has been put on the discrepancies of Angola’s crude oil due to increased production, high storage and slow demand growth.

Furthermore, there are many cargoes still available for export in November with crude oil from the country selling at a sluggish pace than in previous months. The Export programme for Nigerian crude oil is to be known on Wednesday and Thursday.

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