W. Africa Crude-Angolan January offers surface

Reuters11-23 01:36

LONDON, Nov 22 (Reuters) - Angolan January cargoes were on offer on Friday, while buying interest in Nigerian grades remained lacklustre.

* Two January cargoes of Angolan Dalia was on offer at dated Brent minus 50 cents on Friday, while a January Nemba cargo was on offer at dated minus $1.20.

* Traders last viewed nine or ten outstanding cargoes on the Angolan December loading schedule in recent days.

* A total of 35 cargoes Angolan cargoes will load in January.

* There were no fresh price discussions on Nigerian grades on Friday, a trade source said, with Bonny Light still viewed close to dated Brent plus $1.00.

* Around 25 Nigerian December cargoes remain unsold, a trade source said on Thursday.

* The overhang in West African December cargoes belies an uptick in middle distillate margins, and could be partially linked to year-end accounting practices impacting demand for late-November cargoes.

(Reporting by Robert Harvey, Editing by Louise Heavens)

((Robert.Harvey@thomsonreuters.com; +447552256587;))

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