LONDON, Nov 25 (Reuters) - Chinese demand propelled offer
prices, especially for heavier crude grades, far beyond
differentials achieved in the last trading cycle as East Asia
continued to buttress the physical oil market.
* A cargo of Angolan medium sweet Cabinda crude was sold for
just under dated Brent plus $2, though further details did not
emerge.
* Medium sweet Angolan Girassol crude was being offered at
well over dated Brent plus $2 and light sweet Nemba crude for
around $1.50.
* China purchased nearly 15% more crude from Angola in
October year-on-year, but its buying from Africa's second
biggest exporter was down over 11% so far this year compared to
the January-October period in 2019. * Eni ENI.MI maintained a force majeure on exports of
Nigerian Brass River crude oil following pipeline explosions,
affecting loadings for the rest of this month and December.
* India's IOC is running a buy tender for West African crude
loading Dec. 27 to Jan. 5. The tender closes on Nov. 26.
* IOC is running a second tender for Jan. 1-10 loading for a
wide range of crude grades, including West African grades. The
tender also closes on Nov. 26.
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* OPEC and allies including Russia are leaning towards
delaying next year's planned increase in oil output to support
the market during the second wave of COVID-19 and rising Libyan
output, despite a rise in prices, three sources close to OPEC+
said. * U.S. crude oil inventories fell last week, as well as
distillate stocks, while gasoline stockpiles rose sharply, the
U.S. Energy Information Administration said on Wednesday.