LONDON, Nov 25 (Reuters) - Angolan crude oil sellers began
to offer January-loading spot cargoes on Monday at mixed levels,
while Nigerian grades remained supported by strong demand.
ANGOLA
* Sonangol has allocated 11 January cargoes to term buyers
for export.
* Dalia was being offered by Sonangol at dated Brent
plus$3.50, seen by one potential buyer as a high level. Total
was showing another cargo for the same month at dated plus $2,
similar to offers for December cargoes. The difference may
reflect the loading dates and backwardated market structure, a
trader said.
* Freight rates have risen from last month, a disincentive
for buyers, which could weigh on sold prices.
NIGERIA
* About 10 cargoes of Nigerian crude remain for export in
December, among the lowest supply overhangs this year and less
than Friday's estimate of 12 to 15.
* Sasol was thought by a trader to have bought a cargo of
Qua Iboe in a tender today. The last offer for the grade was
above dated Brent plus $4, the highest in several years.
* January loading programmes are emerging. The Qua programme
was issued last week, though cargoes are not yet being offered.