W. Africa Crude-Diffs slip for some heavy and light crude grades

Published 03/11/2020, 17:45
Updated 03/11/2020, 17:48
© Reuters.

LONDON, Nov 3 (Reuters) - Sellers remain optimistic on
Chinese and Indian demand but low European demand for gasoline
and poor margins for jet fuel pushed prices down for both
lighter and heavier crude grades.

* Traders estimated sale prices for Angolan Dalia had
slipped to less than dated Brent plus 50 cents, after Sonangol
and Total sold cargoes for 75 cents last week.
* Nigerian Bonny Light and Qua Iboe were also due to sell
for around dated Brent flat or slightly below after rising to a
premium last week.
* Indian purchases had sent differentials up but buying
there has slowed and European demand remains static.
* Prices for light crude from smaller exporters also fell,
with Ghanaian Jubilee last offered for around dated Brent flat.

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