November 12, 2019 / 3:49 PM / a month ago

W. Africa Crude-Angolan cargoes dwindle, Nigerian strong

    LONDON, Nov 12 (Reuters) - Angolan cargoes are steadily
finding buyers while demand from refiners seeking grades
suitable to make fuel oil compliant with new shipping rules was
supporting the light, sweet Nigerian crude market. 
    * About 8 Angolan cargoes remain from the December programme
after a flurry of deals last week, traders said, about two less
than was estimated on Monday. Total was thought to have sold
four or five cargoes in the last few days.
    * Qua Iboe was last offered at dated Brent plus $3.60, the
highest since 2014.
    Cheap freight and higher demand are helping to buoy the
market for light, sweet Nigerian grades.
    * Indian Oil Corp issued a tender to buy west African crude
loading Jan. 5-14. The tender closes on Thursday. 

 (Reporting by Alex Lawler; Editing by David Evans)
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