LONDON, Oct 6 (Reuters) - Nigerian crude differentials were
under downward pressure on Tuesday from ample supply and rising
Libyan output while Angolan values remained steady.
NIGERIA
* Ample supply of Nigerian crude and the ramp-up of Libyan
production, which can compete with Nigerian oil, is weighing on
differentials, traders say.
* Escravos for November loading was said to have traded at
around dated Brent minus 45 cents, a weak level for this grade.
* Qua Iboe was last offered at dated Brent plus 10 cents,
putting the value at a discount to the benchmark.
ANGOLA
* About 10 November-loading cargoes were still available,
including some on re-offer, similar to Monday's assessment.
* Offers were heard to be in line with the previous day's
levels, when CLOV was offered at dated Brent plus 70 cents,
Saturno at dated Brent plus 10-20 cents and Pazflor at dated
Brent plus 30 cents.
TENDERS
* Indian Oil Corp. has a buy tender closing on Oct. 8 for
crude loading Nov. 11-20.