LONDON, March 19 (Reuters) – April-loading Angolan crude oil cargoes were almost all sold and a large overhang in Nigerian was slowly beginning to clear on Tuesday.
Traders noted, however, that slowing demand in Asia against a backdrop of reduced economic growth as well as weakening diesel margins was helping to push down prices for Nigerian grades.
* Between four and seven Angolan cargoes remain for April loading.
* State oil company Sonangol has yet to allocate its term cargoes, a day after a preliminary loading programme indicated a rise to 48 cargoes for May.
* Between 20 and 25 cargoes remain for April loading.
* Preliminary May loading programmes were expected in the latter half of the week.
* Qua was being offered at dated Brent plus $2, but traders expected differentials to fall.
* Nigeria’s NNPC said sabotage of fuel pipelines was up 34 percent in December, with 257 pipeline breaches reported.
* HPCL has issued a tender closing on Wednesday for two cargoes loading May 1-15.
* India’s IOC has issued a tender for crude loading May 7-16. The tender also closes on Wednesday. IOC’s previous tender, for loading May 1-10, was awarded to Total.
* The defeated main opposition candidate in Nigeria’s presidential election filed a legal challenge on Monday to last month’s vote.
Reporting by Noah Browning
Editing by David Goodman