W.Africa Crude- Forcados bid lower, China's Unipec buys Djeno

Reuters12-04

LONDON, Dec 3 (Reuters) - West African crude oil differentials remained under pressure on Wednesday with Total bidding lower for Forcados and China's Unipec heard to have been the buyer of Congo Republic's Djeno which was offered at a steep discount on Friday.

* TotalEnergies bid dated Brent plus $2.65 for Forcados, to be loaded end-January via the Argus pricing platform, a trader said, lower than the last LSEG assessment.

* China’s Unipec emerged as the buyer of the Djeno that was offered at dated Brent minus $3.95 on Friday, a trading source said.

* Offers were under pressure due to elevated freight rates and cheaper alternatives, he added.

* Angola's Saturno was still on offer at dated Brent minus $2.20, a trader said.

(Reporting by Seher Dareen and Alex Lawler in London; )

((Seher.Dareen@thomsonreuters.com; +44-7771341740;))

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