Angola Oil Exports to Drop in Sept, Oct

Angola Oil Exports to Drop in Sept, Oct

Angola’s crude oil exports are expected to decrease during the fall months.  The south african nation is expected to export under 1.8m b/d across 56 cargoes, in September, due to the absence of Dalia crude oil, which  was scheduled to export roughly 222,000 b/d during the month. While October export volumes are projected to fall by 366,000 b/d to reach 1.43m b/d across 46 cargoes, as a key grade enters maintenance, representing a 10-year low in terms of bpd. These volumes have not been witness since October 2006, Business Recorder reported.

In other related news, Brent crude oil price, the benchmark for Angolan exports, for delivery in October, opened high in early August with 0.57% gains on the London market, trading at $47.17 per barrel, according to All Africa .


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