W.Africa Crude - TotalEnergies and ENI offer cargoes

By Reuters News

LONDON, Oct 1 (Reuters) - Congolese and Angolan crude was on offer in the Platts window on Thursday, while in the wider market Angola's October-loading cargoes have yet to sell out in a sign of tepid demand as record shipping costs continued to weigh on West African crude differentials.

  • TotalEnergies offered a November 19-20 cargo of Djeno at dated Brent minus $9.95 in the Platts window on Thursday.

  • Eni offered a Hungo cargo with November 19-20 dates in the window at dated minus $2.70.

  • Between three and four Angolan cargoes for October loading were still unsold, according to one trader's estimate, above the usual volume that has yet to find a buyer at this point in an average trading cycle.

  • The cost of shipping oil in the largest tankers, including on West Africa routes, has hit record highs following increased attacks on shipping in the Middle East.

  • "Freight is really crazy now," a trader said. "It's an issue for long-haul WAF cargoes."

  • Not many of Angola's November cargoes have sold yet, the trader added.

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