W. Africa Crude-Differentials steady, programmes in focus

LONDON, Feb 28 (Reuters) – West African crude differentials were steady on Thursday as an industry event in London kept activity muted.

* Sellers of Nigerian crude were not showing offers on Thursday. Qua Iboe was last valued at dated Brent plus $1.80 to $1.90 a barrel.

* The full set of April Nigerian loading programmes has yet to emerge and a trader said there are still unsold barrels for March loading looking for a home.

* Some sellers of Angolan crude, including state oil company Sonangol, are sold out after strong demand for April-loading cargoes.


* Potentially weakening the Nigerian market would be a rise in supply from Libya, where there has been progress towards reopening the country’s largest oilfield, El Sharara.

Still, the field will remain closed until armed groups have left the site, the head of the state oil company said on Thursday. (Reporting by Alex Lawler; Editing by Kirsten Donovan and Jan Harvey) ))


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