LONDON, March 11 (Reuters) - Offers for Nigerian and Angolan
crude edged down on Thursday amid steep market backwardation and
unfavourable freight rates.
* Light, sweet Nigerian Qua Iboe crude was offered for as
low as dated Brent plus 10 cents, edging down from earlier in
the week.
* Higher freight rates and continuing market backwardation
weighed on buyer interest as a large supply overhang persists.
* Egina crude was being offered for closer to a dollar as
improving distillate margins buoyed offers for Erha, Bonga and
especially Forcados.
* Sales of Nigerian crude have been hit by Nigeria's NNPC
deciding to roll over official selling prices across the board
from the previous month, puzzling most traders who believe
demand has ebbed.
* Angola last offered a cargo of Mostarda crude at dated
Brent minus 50 cents.
* Around 10 cargoes for loading in April remain for sale.
* China's Unipec had yet to re-offer any of the four cargoes
it had previously offered in the Platts window by Thursday
afternoon.
* India's IOC issued a new tender for mid-May and early-June
loading crude, including West African oil, set to expire on
Friday.
* Indonesia's Pertamina issued a buy tender for mid-May
loading sweet crude also set to close on Thursday.
* China's Rongsheng Petrochemical, the trading arm of
Chinese private refiner Zhejiang Petrochemical, was running a
tender for crude set to close on Friday.
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