Cooler Chinese demand hits Angolan grades

摘要

1. Angolan crude differentials came under pressure on cooling Chinese demand. Girassol values fell by around 40￠/bl compared with April cargoes, leaving the grade at parity to North Sea Dated. And spot cargoes of Dalia and Saturno remained available nearly two weeks after the May loading programme started to trade, despite state-owned Sonangol lowering its offers by up to 30￠/bl.