LONDON, Jan 9 (Reuters) - Angolan cargoes are slowly but
steadily being bought up though offer levels remain largely
steady.
* Angola's remaining cargoes for loading in February
continued to dwindle, with around a dozen still left to be sold.
* At least two cargoes of Dalia were still available, one
from Sonangol and another from BP loading January 30-31, offered
at dated Brent plus $2.50.
* All cargoes of Cabinda crude were heard to have sold out.
* Sellers have kept offers steady, traders say, believing
that demand for heavy sweet crude amid new cleaner shipping fuel
rules will compel buyers despite high freight rates and
backwardation.
* While Eastern buying of Angolan crude has been relatively
muted, a cargo of Australian heavy sweet Pyrenees crude sold at
a record premium of around $30 a barrel above dated Brent via a
spot tender loading in March. * With new loading programmes expected next week, both
Angolan and Nigeria crude had a much larger glut of cargoes than
usual due to high prices and slow sales before the holidays.
* India's IOC is running buying tenders this week for crude
to be delivered in the first half of March.
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