LONDON: Angolan crude differentials were steady on Tuesday and Nigerian crude was heard to be in ample supply for October after Tropical Storm Harvey prompted a lull in US demand.
A number of Indian tenders to be awarded this week were in focus.
NIGERIA
About 30 October-loading cargoes were available for sale, or about half the loading programme. A dip in US demand due to Harvey has weighed on differentials, traders have said.
One trader said it wasn't clear how quickly US demand would rebound.
Offers were steady to slightly higher. ExxonMobil, heard to have sold its Oct. 6-7 cargo of Qua Iboe at the end of last week, was offering a late-month cargo at dated Brent plus $1.75, a trader said - 10 cents higher than an offer heard last week. The grade was pegged lower than that by one potential buyer.
ANGOLA
About 12 Angolan crude cargoes were still available, traders said.
Offer levels were steady and buyers were waiting for lower numbers. Chevron was offering Cabinda at dated Brent plus $1.10 a barrel - more than a dollar above its value in early July according to Reuters assessment - and Total was offering Girassol at dated Brent plus $1.40.
Total was also thought to have a cargo of Nemba on sale; details were not available.
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