October 11, 2017 / 5:00 PM / in 11 days

W. Africa Crude-Spot trade limited due to tenders

LONDON, Oct 11 (Reuters) - Differentials for Angolan remained underpinned despite lower recent demand while for Nigerian, sellers were focused on three Indian tenders.

* Multiple cargoes of Angolan Pazflor and Girassol were on offer. Pazflor was being shown at dated Brent plus 25 cents a barrel and Girassol around dated Brent plus $1.10 a barrel.

* Dalia was also being shown around dated Brent plus 20 cents a barrel.

* No fresh trades were heard with around 15 cargoes still left in the Angolan November programme. The December loading programme is due to come out next week.

* Nigeria’s Qua Iboe was largely placed for November, owing to the small programme. One cargo was pushed into December.

* A cargo of November loading Brass River was being shown at plus $1.50 a barrel, one trader said.

* There was still no sign of Bonny Light programme for November and force majeure was still in place.

TENDERS

* India’s IOC has a tender closing in the next week for December-loading west African crude.

* India’s BPCL issued a buy tender for west African crude closing next week and India’s MRPL also has a tender out for second half November loading crude.

* Indonesia’s Pertamina is seeking December delivery crude. (Reporting by Julia Payne; Editing by David Evans) ))

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