W. Africa Crude-Asking prices reduced amid slow holiday sales

 LONDON, Jan 2 (Reuters) - Asking prices for West African
grades have been inching down after buyers balked at relatively
high rates in December, with very little trading preceding the
holiday period. * State oil company Sonangol shaved around 50 cents from its
sizable handful of February-loading cargoes on Thursday. * It was offering Dalia at dated Brent plus $2.50, Gindungo
at plus $1.50, Hungo at plus $2.00 and Olombendo at plus $3.50. * The disconnect between seller expectations and buyer
interest has pushed almost all trading into the two weeks
remaining in the cycle following the holidays. * "If the cargoes had been priced to trade then they could
have moved more quickly," said one trader. * Freight rates have remained flat at relatively high rates
for the most popular routes to Europe and Asia, shooting up in
the days after initial selling prices were compiled. RELATED NEWS * Angola has frozen the assets of Isabel dos Santos, the
billionaire daughter of the country's previous leader, in a sign
that President João Lourenço is taking a tougher line against
the former first family. * As a global clean-fuel mandate takes effect, testing
companies examining low-sulfur marine blends acquired in
Antwerp, Belgium; Houston and Singapore have found sediment at
levels that could damage the engines of ocean-going vessels. (Reporting by Noah Browning; Editing by Kirsten Donovan) ))

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