LONDON, Feb 28 (Reuters) - Potential buyers held off from
Angolan crude on Friday as Chinese demand stalled due to
coronavirus fears and offers were deemed far too high by some.
* A cargo of Sangos sold by Angola's Sonangol was sold to an
Eastern buyer, traders said, likely around dated Brent flat or
below -- well below an offer of plus 40 cents.
* Sonangol continued to keep offers for another three
cargoes steady, but attracted no interest.
* A cargo of Dalia was offered $1 above dated Brent, which
was far above a reported sale price of dated Brent minus $1 for
the grade in the previous cycle.
* Around half of the April export programme for Angolan
crude remains to be sold, not including other cargoes that
term-buyers are seeking to re-sell privately.
* Traders said loadings of Nigeria's Bonga grade for April
were curtailed by maintenance, although this was not immediately
confirmed by operator Shell.
* Just two cargoes are scheduled for export, one for April
1-2 which may have been deferred from March and another for
April 11-12 by Equinor.
* Main Nigerian grades Bonny Light and Qua Iboe continued to
be offered at between dated Brent plus $2.50-$3.
RELATED NEWS
* Angolan state oil company Sonangol will begin in April to
sell its stakes in several private firms, Chair Sebastiao Gaspar
Martins said, as part of a government bid to privatise key state
assets including parts of Sonangol itself by 2022. * Indian refiners Reliance Industries RELI.NS and Nayara
Energy are planning to wind down purchases of Venezuelan oil in
April fearing future U.S. sanctions could choke off all avenues
to trade with state-run oil firm PDVSA, sources said.
* The U.S. Department of Energy said on Friday it would sell
up to 12 million barrels of oil from the Strategic Petroleum
Reserve in compliance with the 2015 budget act.