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. 
    
    ANGOLA
    * 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.
    
    NIGERIA
    * 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.
    
    TENDERS
    * 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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