LONDON, Dec 1 (Reuters) - Offers for West African crude held
largely steady amid slow sales, but improved margins in Asia
suggested an impasse over prices would not be long-lived.
* Refining margins for jet fuel hit an eight-month high in
Asia as air travel appeared to pick up and winter demand for
kerosene was on the rise.
* The moves could boost sales for heavier Angolan, Chadian
and Congolese crude which had suffered for months on depressed
demand and had been outperformed by medium grades.
* Exxon Mobil continued to offer a cargo of Angolan CLOV at
dated Brent plus $2.40 and Equinor a cargo of Dalia for plus
$2.30.
* China has largely held off on spot purchases of Angolan
crude this trading cycle due to high prices, weak margins and
unfavourable freight rates.
* Nigerian light sweet crude continued to face scarce
demand, with offers of Qua Iboe and Bonny Light near dated Brent
plus $1 but traders seeing sales at closer to plus 50 cents.
* South Africa's Sasol issued a buy tender for crude for
early February arrival. The tender closes mid-week.
* Perenco and SNH were offering two cargoes of Cameroonian
Kole crude via a tender closing this week.
RELATED NEWS
* Nigeria's state oil company has opened bids for investors
to carry out engineering work in a revamp of its refinery in the
southern oil city of Port Harcourt, it said on Tuesday.
* Norway's oil output curbs, in place since June, are set to
end on Dec. 31, the Ministry of Petroleum and Energy said on
Tuesday.