West Africa Crude-Nigerian sales stay slow

Buyers chipped away at a backlog of West African cargoes for November export on Friday, but
activity for the week has been very slow, and offers were regarded as too high to attract significant interest.

There were still close to 40 Nigerian cargoes available for purchase for November export out of a total of 63 that went to market. Emphasising the abundant supply, a cargo of the Escravos grade was added to an already large programme.

Traders said strong supply from other regions also encouraged buyers to hold back in the hope of buying grades at lower differentials to Brent crude.
      
 NIGERIA
 * Qua Iboe: Two cargoes changed hands, with Vitol buying from Taleveras, a trader said. It was on offer for November at around dated Brent plus $2.00, traders said. Traders said it would trade closer to $1.50 above dated Brent.
    * Agbami, Akpo: Cargoes are sold out, or almost sold out, for November loading.