LONDON, April 13 (Reuters) - Supply gluts of Angolan and
Nigerian crude remained sizeable as both Europe and Asia rein in
buying during refinery maintenance season and competing grades
attract buyer interest.
* Nearly 10 cargoes of May-loading Angolan crude remain
unsold.
* China's Unipec purchased a cargo of Saturno from Sonangol
for below dated Brent minus $2, traders said.
* Refinery maintenance and a Brent-Dubai spread, which
favours non-Atlantic basin crudes, were largely responsible for
the slow sales.
* Lower offers for U.S. light crude were pressuring West
African crudes in European and Asian markets, but Mideast crude
continues to be in higher demand in the Far East.
* India's IOC issued a new buy tender for June-loading crude
set to close on Thursday.
RELATED NEWS
* OPEC on Tuesday raised its forecast for growth in world
oil demand this year on expectations the pandemic will subside,
providing help for the group and its allies in their efforts to
support the market. * China's crude oil imports jumped 21% in March from a low
base of comparison a year earlier as refiners ramped up
operation amid robust fuel demand post-COVID-19, though
purchases slowed ahead of the maintenance season.