LONDON, Feb 20 (Reuters) - West African crude differentials
were supported on Wednesday by signs of growing delays on the
benchmark Qua Iboe oil grade and strong Asian demand.
An Exxon Mobil cargo of Nigerian crude oil that had been
waiting to load in a terminal left the terminal late last week,
suggesting delays of around 11 days.
The grade is under force majeure due to pipeline repair work
and delays were previously around four to eight days.
Traders said that some loading programmes for Nigeria in
April had started to emerge although these were not immediately
available with many traders absent due to an industry event.
Less than five Nigerian cargoes from the March loading
programme are still thought to be available from the original 67
Angola was expected to export around 1.73 million barrels
per day of crude in April, a provisional loading programme
showed on Monday, down slightly from March.
* Qua Iboe: All cargoes sold for March. Cargoes
sold for around $2.40 to $2.60 over dated Brent, but traders
said it was now assessed slightly lower at around $2.40 over
* Indian Oil Corporation has bought Nigerian grades Bonga
and Yoho for April loading, traders said, although further
details were not available.
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(Reporting by Emma Farge; Editing by Bob Burgdorfer)
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Keywords: MARKETS OIL/WESTAFRICA
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