LONDON, Nov 19 (Reuters) - Sales of West African crude
remained slow as traders awaited information on January exports
of Angolan and Nigerian oil.
* Term allocations for Angola's January export programme had
yet to be finalised, as cargoes for December largely sold out.
* Nigerian official selling prices and January export plans
were expected imminently.
* European buyers continued to spurn lighter West African
crude in favor of cheaper alternatives from the United States,
Mediterranean and Libya as lockdowns still dented demand,
traders said.
* Margins for jet fuel inched up in East Asia, signalling
improved demand for heavier oils like Chadian Doba crude,
December-loading cargoes of which rose to premiums above dated
Brent for the first time in weeks.
* Diesel demand also remained strong in Europe and Asia,
helping support an uptick in offers of Ghanaian Jubilee crude to
around $1 above dated Brent.
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* China, the global oil market's lifeline this year, has
stepped up purchases from exporters like Russia, the United
States and Angola in recent weeks, while buyers elsewhere pare
orders as coronavirus infections surge and fresh lockdowns are
put in place. * Brent crude oil futures' spreads in 2021 have narrowed
significantly as demand from Asia has been strong and markets
remained hopeful that OPEC and its allies could extend their
output cuts.