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One Angolan Crude Cargo for September Said to Be Left Unsold

All Angolan crude cargoes for loading in September have been sold except for one lot, according to four traders who participate in the market.

A Nemba crude consignment for loading on Sept. 25 to Sept. 26 has yet to find a buyer, said the people, who declined to be identified because the information is confidential. The speed at which the shipments have been sold was typical for this time of the month, the people said.

Angola plans to export 51 cargoes totaling 1.63 million barrels a day of crude in September, compared with 60 shipments for August, according to a shipping schedule obtained by Bloomberg News. The export program for October is scheduled to be released next week.

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

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