LONDON, April 6 (Reuters) - Angolan and Nigerian crude
cargoes remained in ample supply on Monday and there were signs
of differentials, already at multi-year lows, coming under more
pressure.
ANGOLA
* Angola's state firm Sonangol sold its cargoes of Cabinda
and Girassol last week, a source said. The company has CLOV and
Dalia cargoes still for sale.
* About 45% of the May-loading cargoes are still on offer,
two traders said, a sizeable volume for this stage in the
monthly trading cycle.
Cabinda was last offered at dated Brent minus $3 a barrel by
another seller. Sonangol had not been showing firm offers for
its cargoes, but differentials were thought to be at big
discounts to the benchmark.
NIGERIA
* Around 20 cargoes of April-loading Nigerian were still
available even though May trading is also under way, amounting
to a large excess supply.
Qua Iboe crude was last offered at dated Brent minus $3.00 a
barrel, the lowest differential in two decades, according to
Refinitiv Eikon data. Traded levels were estimated to be even
lower than this, a trader said.