LONDON, Nov 26 (Reuters) - Offers for West African crude for
export in January continued to be buoyed by robust demand from
China and India, far exceeding sale prices for December cargoes.
* Exxon was offering a cargo of Angolan CLOV at dated Brent
plus $2.50, while offers for Dalia crude were at plus $2.30.
* A relatively small Angolan export programme, coupled with
a small export programme of competing crude from Brazil, were
together helping to drive up demand for Angolan oil.
* Offers for Nigerian Bonny Light and Qua Iboe were just
under dated Brent plus a dollar, a vast increase from offers
just two weeks ago at a discount to dated Brent.
* India's IOC has purchased at least 10 million barrels of
West African, mostly Nigerian, crude in its latest several
tenders, balancing out weaker demand from Europe.
* Two tenders from India's IOC, for West African crude
loading Dec. 27 to Jan. 5 and another for Jan. 1-10 loading for
a wide range of crude grades, closed on Wednesday. The
identities of the winners did not immediately emerge.
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* China has accelerated imports of crude oil, propane and
liquefied natural gas (LNG) from the United States since July,
but total energy product purchases through October remain far
short of targets for 2020 set out in the Phase 1 trade deal with
Washington. * Brazil's state-controlled oil company Petroleo Brasileiro
SA cut its five-year investment plan by 27% from a year ago to
$55 billion to preserve cash, as the coronavirus pandemic drove
down global oil demand and prices.