The Angolan heavier crude complex is facing reduced buying interest due to higher outright prices, high offer levels and seasonality factors, according to traders. Most of the heavier Angolan grades like Pazflor and Dalia are experiencing a lack of demand adding up to six available cargoes or 66.6% of the unplaced parcels remaining in the country’s June program, according to data collated by Platts. “Dalia and Pazflor are looking very expensive on the offer side, which pushes away potential buying interest,” a Chinese buyer said. “It’s not the peak season for WAF heavier grades at this period.” Furthermore, buyers will either purchase lighter grades for better yields or buy heavier grades for lower differentials, traders said. Article continues below… For over 100 years Platts has been at the forefront of pricing and news in the energy markets. Today, we publish the essential information that you need to navigate the […]