LONDON, March 9 (Reuters) - Angolan and Nigerian crude was
offered lower on Monday amid reduced demand and a collapse in
benchmark crude prices.
* Trade remained subdued by the collapse in prices since
Friday, when OPEC and its allies failed to renew their output
deal. This has made Saudi Arabia crude better value, one trader
said.
* Angolan state oil company Sonangol cut its offer of
Cabinda loading April 23 to dated Brent plus $2.70, down 50
cents from a level reported on Friday.
* Some sellers have increased offers, a trader said,
describing the move as illogical given lower demand because of
the coronavirus outbreak and the collapse in Brent prices since
Friday's OPEC deal failure.
* Nigerian crude was also offered lower. Qua Iboe was
offered at dated Brent plus $2.10, 40 cents lower than the last
known offer level reported on March 2.