LONDON, March 24 (Reuters) - A steep cut in Nigeria's
official selling prices has so far failed to reignite spot
trade, traders said on Tuesday, with close to 30 April loading
cargoes still lingering.
* Nigeria's May loading emerged last week, adding to the
hefty amount of oil that will struggle to find a home.
* Demand for light and medium sweet Nigerian grades has
plummeted as they yield high levels of jet fuel and gasoline -
two of the refined products most hit by the global pandemic
slowdown.
* Chinese demand has been recovering but elsewhere demand is
falling further.
* Taiwan's CPC decided to increase run cuts in April. India,
another major buyer, is starting to reduce refinery operations
due to lockdowns in much of the country aimed at halting the
spread of coronavirus, industry and company officials said.
* Angola is exporting 45 cargoes in May, up from 39 planned
in April.
* Sonangol was still offering several spot cargoes: Cabinda
at dated Brent plus 50 cents, CLOV at dated Brent plus $1.20,
two cargoes of Dalia at dated Brent minus 40 cents and Girassol
at dated Brent plus $1.50.
* The Nigerian president's influential chief of staff Abba
Kyari has tested positive for coronavirus, a source with direct
knowledge of the matter said on Tuesday. * His case was one of a growing number in Nigeria with a
state governor also testing positive and the Lagos state health
commissioner warning that they were beginning to see the virus
"spread in the community".