LONDON, May 7 (Reuters) - Nigerian crude differentials
showed more signs of recovery from record lows on Thursday,
reflecting a wider rebound in the market on hopes of stronger
demand.
NIGERIA
* Nigerian Qua Iboe was on offer at dated Brent plus 75 a
barrel, a trader said. On Monday it was assessed at dated Brent
minus $4.45, an historic low brought about by a collapse in
demand and excess supply due to the coronavirus crisis.
It was not yet clear if buyers were prepared to pay a
premium to dated Brent.
* A drop in freight rates has helped differentials to
recover as has Nigeria cutting output as part of an OPEC-led
supply cut pact.
* The size of the overhang in May-loading cargoes is coming
down, a trader said.
ANGOLA
* Exxon Mobil was offering a cargo of Angolan Girassol at
dated Brent plus $1 a barrel, a trader said, the upper end of a
range given on Wednesday.
* Many Angolan cargoes are sold ahead of the release of new
loading programmes in mid-May.