LONDON, March 11 (Reuters) - West African crude
differentials were coming under more downward pressure on
Wednesday from weaker demand and a surplus of Nigerian crude.
ANGOLA
* Angolan state oil company Sonangol cut its offer of
Cabinda loading April 23 to dated Brent plus $1.50, down $1.20
from a level reported on Monday.
* About seven cargoes are left in the current monthly
trading cycle ahead of new programmes due next week.
NIGERIA
* The Nigerian National Petroleum Corporation (NNPC) said in
a statement the coronavirus outbreak is hitting demand for its
crude.
"Nigeria has about 50 cargoes of crude oil that have not
found landing, adding that this implies that there are no
off-takers for them for now due to drop in demand," NNPC head
Mele Kyari said, according to an NNPC statement.
* Nigerian crude differentials are weakening. A trader said
Exxon sold two cargoes of Qua Iboe on Tuesday, one for end-March
loading and one for early April. The last offer heard was dated
Brent plus $2.10, the trader said, suggesting a sold price lower
than dated Brent plus $2.00.