Please use symbol entry at top right of page to search

W. Africa Crude-Nigerian offers rise on European refining margins

LONDON, Jan 30 (Reuters) - Offers for Nigerian and other lighter crude grades kept inching higher on Monday as European refining margins for gasoline neared three-month highs.

* More frequent tendering from South Asia after a wane earlier in the month and December was also supporting differentials, traders said.

* Nigerian Qua Iboe crude was being offered for dated Brent plus $3.50 a barrel.and above while Escravos was being offered for dated Brent plus $5.50.

* Zafiro crude from Equatorial Guinea was being offered for dated Brent minus $1.30.

* Heavier crude grades from elsewhere in the region continued to be offered low as Chinese buying had yet to pick up strongly.

* Total last offered a cargo of Congolese Djeno at dated Brent minus $3.50.

* Angola's state firm Sonangol still had three March spot cargoes on offer: Mostarda, Kissanje and Girassol.

* Uruguay's ANCAP issued a buy tender for a March 26-30 arrival cargo. The tender closes on Feb. 2.

* Maurel & Prom issued a sell tender for Rabi Light for March loading closing on Jan. 31.


* An OPEC+ panel is likely to recommend keeping the oil producer group's current output policy unchanged when it meets this week, four OPEC+ delegates told Reuters on Monday. (Reporting by Noah Browning; Editing by Shailesh Kuber) ))

Copyright © Reuters 2008. All rights reserved. Republication or redistribution of Reuters content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters and the Reuters sphere logo are registered trademarks and trademarks of the Reuters group of companies around the world.

News, commentary and research reports are from third-party sources unaffiliated with Fidelity. Fidelity does not endorse or adopt their content. Fidelity makes no guarantees that information supplied is accurate, complete, or timely, and does not provide any warranties regarding results obtained from their use.