Buyers seek Angolan crude grades for low sulphur fuel yields

Buyers continued to seek comparable Angolese grades for refining into low-suplhur fuels but said prices remained stubbornly high despite easing in recent days.

Exxon was heard to be marketing a cargo of Kissanje at $2.50 above dated Brent, down by about 50 cents in recent days, and Gindungo for around $1.80, down about 20 cents.

China’s state refineries had purchased at least three cargoes of Congolese Djeno, as interest continues to spike in heavier and sweeter oil.

 

Source: Reuters

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