LONDON, Sept 9 (Reuters) - Price offerings for Nigerian
light sweet crude have eased in recent days, traders said, as
refining margins for European gasoline finished the week sharply
down.
NIGERIA
* European refiners sought to offload gasoline tailored to
summer specifications and cracks ended the week down on Friday.
* Asking prices for major grades have eased, traders said,
with Bonny Light edging well below a premium of $3.00 compared
to dated Brent.
* Traders said the differentials were still too high to
justify purchases, as North Sea crude provided affordable
competition.
* Traders noted a sharp uptick in exports of Nigerian oil to
the U.S. West coast this year, by passing the U.S. shale boom,
but warned that the favourable export window may have closed.
* Buyers continued to seek comparable Angolese grades for
refining into low-suplhur fuels but said prices remained
stubbornly high despite easing in recent days.
* Exxon (NYSE:XOM) was heard to be marketing a cargo of Kissanje at
$2.50 above dated Brent, down by about 50 cents in recent days,
and Gindungo for around $1.80, down about 20 cents.
* China's state refineries had purchased at least three
cargoes of Congolese Djeno, as interest continues to spike in
heavier and sweeter oil.
TENDERS
* Indonesia's Pertamina issued a buy tender for light crude
cargoes, including West Africa, for Nov. 1-19 delivery. It
closed on Friday and remains valid until Sept. 10.
* Indonesia's Pertamina issued a second buy tender for
condensate cargoes for Dec. 1-5 delivery cargoes. It closed on
Friday and remains valid until Sept. 10.
RELATED NEWS
* China's crude oil imports gained about 3% in August from a
month earlier, customs data showed on Sunday, buoyed by a
recovery in refining margins desite a persistent surplus of oil
products and tepid demand. * S&P Global Platts SPGI.N said on Monday it will launch new
price assessments for U.S. crude for Asian buyers from Oct. 1,
as the United States exports more oil to the East.