March 14, 2012 / 7:03 PM / 6 years ago

WAfrica Crude-Last minute US demand lend some support

LONDON, March 14 (Reuters) - Differentials on Nigerian
crude oil were little changed on Wednesday as last minute demand
from the United States emerged.	
    The result of a closely watched tender from India's Bharat
Petroleum Corporation Ltd (BPCL) was slow to emerge while
traders said the refiner probably bought one cargo of Libyan
crude and another cargo of Nigerian Qua Iboe for the second half
of April.	
    The identity of the sellers did not emerge.	
    The tender was likely to mark the end of Asian demand for
April loading West African crude while more than 15 cargoes of
Nigerian crude have remained unsold.	
        	
    NIGERIA	
    * A fourth cargo of Usan has been added to the April loading
programme. The holder is Vitol and the loading date is April
26-27. Traders said the cargo has not been sold but Vitol
declined to comment.	
    * Some traders said Exxon might have sold its Usan cargo at
discount to dated Brent benchmark. Initially, the U.S. major
offered the cargo at dated plus 30 cents a barrel. This was not
confirmed by the company.	
    * Traders said Qua Iboe and Aseng have been sold, with some
cargoes likely to go to the United States.	
    * Nigerian official selling price and the May loading
programme are expected to be released next week.	
       	
    ANGOLA	
    * Dealing was thin ahead of the release of the May loading
programme later this week or early next week.	
    	
    OUTSANDING TENDER 	
    * Indonesia's Pertral closed its tender to buy light sweet
crude for May earlier today. The offers remain valid until
Thursday and the result is expected to emerge later this week.	
    	
    GHANA	
    * Tullow Oil said production at its Jubilee field in Ghana
was lower than earlier expected and the company said it planned
remedial work on the field in 2012 to improve output. 	
    The London-headquartered group added it expects to deliver
total net production of 78,000 to 86,000 barrels of oil
equivalent per day in 2012. 	
    	
    DATABASE 	
    For a database of oil supply and demand fundamentals
upstream and downstream, Reuters subscribers can click on:	
    here	
	
 (Reporting by Ikuko Kurahone; editing by Keiron Henderson)

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