LONDON, Feb 5 (Reuters) - West African crude oil
differentials were flat on Tuesday, with sparse buying of the
remaining cargoes available for March export, and market
watchers anticipated further weakness due to slow Asian buying.
One analyst said the outlook would to a large degree depend
on Asian imports in March, although Europe had taken up some
slack in the market.
In February, they fell to 1.63 million barrels per day (bpd)
from 1.81 in January.
'It depends whether it's 1.8 or 1.6 (million bpd). (I think
it will be) 1.6 million as Asia has quite some refinery
turnaround coming up.' he said.
Around 15 of 67 Nigerian cargoes for March loading were
still available for purchase, traders said, with only Escravos,
Akpo, Amenam, Anatan Okono and Yoho grades fully sold out. Some
four of 57 Angolan cargoes were still for sale.
A lack of tenders in Asia added to the slow pace of trades,
with Petral said to have not bought any cargoes in their latest
* Qua Iboe: Asking levels were said to be around dated
Brent plus $2.70 per barrel, but buyers were around 30 cents
lower and deals had so far been concluded at around dated plus
$2.50, traders said.
* Bonny Light: assessed at around Qua Iboe minus 10-15
* Four Angolan cargoes were reported available from the
March programme of 57 cargoes. Girassol, Kissanje, Quito and
Nemba were said to be still available. Unipec took one cargo of
Kissanje according to a trader, thought this could not be
* Nemba: assessed close to dated Brent flat.
* Girassol seen around dated Brent plus 50 cents.
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(Reporting by Simon Falush; editing by James Jukwey)
(Reporting by Simon Falush)(firstname.lastname@example.org)(+44 2075427681)(email@example.com)
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