LONDON, Dec 7 (Reuters) - No breakthrough in the price
standoff between buyers and sellers had yet led to swifter sales
of West African crude, as Nigerian offers inched lower and
Chinese buying was largely paused.
* Around 15 Angolan cargoes for January were available along
with under 10 December-loading Nigerian ones.
* Nigerian crude continued to be largely priced out of
Europe by stiff competition from U.S. and Mediterranean crude
grades amid poor margins there.
* Nigerian Usan crude was being offered for below dated
Brent plus 50 cents, while Agbami crude for around dated Brent
minus $1.
* Nigerian Erha crude was being offered for just about dated
Brent plus 50 cents.
* Freight rates and poor margins also weigh on Chinese
demand, although backwardation in the oil market structure eased
on Monday while demand for jet fuel and gasoil was robust.
* Uruguay's state-run ANCAP has issued a tender for crude
for January arrival set to close this week.
* Two tenders issued by India's IOC closed on Friday but
details on winners did not emerge.
RELATED NEWS
* China's November crude oil imports rose from a month
earlier as customs continued to clear the backlog, although
independent refiners slowed purchases as they reached their
import quota limits. * OPEC, Russia and allies, a group known as OPEC+, are
likely to hold their next meeting to set oil policy on Jan. 4,
two sources close to the group said on Monday.