Angolan crude differentials drew support from Asian demand, traders said on Monday.
Asian buying tenders have absorbed several cargoes of Nigerian and Angolan crude in the last few days, pushing up differentials for some grades, traders said.
About half of Angola's June cargoes have sold, and traders were reassessing the market after recent deals on Monday, keeping a lid on activity.
There were signs that the large volume of unsold Nigerian crude for May loading is clearing, but at least 20 cargoes are still thought to be available.
NIGERIA
* Qua Iboe was valued at dated Brent plus $1.00, steady to lower than on Friday. Offers were last known to be coming from dated plus $1.50.
* The overhang of Nigerian cargoes in May has come down to 20 full cargoes and 5 partial cargoes, a trader said, from more than 25 as estimated on Friday. This could be reduced further by companies opting to keep cargoes for their own refineries.
ANGOLA
* The June loading programme has expanded to 1.73 million barrels per day from 1.63 million bpd previously.
* All June Cabinda and Saturno cargoes have been sold, a trader said. Cabinda was notionally valued as high as dated Brent minus $1.00, firmer than previous price indications.
* Girassol: Offered at dated plus 50 cents, a trader said, also higher than previous price indications.
TENDERS
* Indian refiner BPCL bought June-loading Nemba and Qua Iboe from Total in its tender last week, as well as an Agbami from Chevron, traders said. Another refiner, IOC, took Nemba and Brass River from Chevron.
* Indonesia's Pertamina is looking to buy July-arrival sweet crude in a tender running this week, and Thailand's PTT also has a buying tender pending.
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