LONDON, March 12 (Reuters) - West African crude
differentials stayed under downward pressure on Thursday due to
weaker demand amid the coronavirus outbreak and a surplus of
Nigerian and other light sweet crude.
ANGOLA
* Angolan state oil company Sonangol sold its Cabinda
loading April 23, a trader said. The cargo had last been offered
at dated Brent plus $1.50, much lower than earlier this week.
* That leaves six or less cargoes in the current monthly
trading cycle ahead of new programmes due next week.
NIGERIA
* Nigeria has about 40 to 50 unsold cargoes due to a drop in
demand, according to traders and the state oil company.
* There is a strong supply of competing crude, a trader
said, such as Azeri Light.
* Qua Iboe was last offered at dated Brent plus $2.00 and a
trader expected sold prices to be lower.