Angola to Cut June Oil Exports to 10-Month Low, Final Plan Shows

Angola, Africa’s second-largest oil producer, will reduce daily crude exports for June to a 10-month low, according to a final loading program obtained by Bloomberg.

The country will ship 51 cargoes, four fewer than next month. Exports will total 48.92 million barrels, or 1.63 million barrels a day, the least since August, compared with 1.7 million barrels a day in May, the plan showed.

The schedule is unchanged from the preliminary program released on April 16. Exports of Pazflor grade are still subject to change, according to the plan.

Loading programs are monthly schedules of crude shipments compiled by field operators to allow buyers and sellers to plan their supply and trading activities.

Details of the program are as follows. Cargo sizes are listed in multiples of 1,000 barrels.

----------------------------------------------------------------
Grade      Size       Number of cargoes
                        June    May
Cabinda     950         6       6
Dalia       950         7       7
Gimboa      950         0       1
Girassol  1,000         3       6
Hungo     1,000         1       1
            950         4       4
Kissanje    950         4       4
Kuito       920         1       2
Mondo       950         2       2
Nemba       950         8       8
Palanca     985         0       1
Pazflor     950         6*      6
Plutonio  1,000         6       5
Saxi        950         3       2
Total cargoes          51      55
---------------------------------------------------------------
*Note: Provisional

To contact the reporter on this story: Sherry Su in London at lsu23@bloomberg.net

To contact the editor responsible for this story: Stephen Voss at sev@bloomberg.net