Nigerian cargoes move, but spot trading slows – Reuters

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Spot trading slowed on Friday, and Indonesia’s Pertamina deferred the award of its tender until next week, leaving little fresh activity on the market.

* ExxonMobil had sold its end-March cargo of Qua Iboe, a trader said, after offering it at premiums of around $2.20 per barrel versus dated Brent.

* Total had also sold a cargo of Agbami, capping a week of busy trading in Nigerian grades.

* Still, there were many cargoes left available from the March programmes, traders said.

* Angola’s Sonangol was still offering its two remaining cargoes for March loading.

* On Thursday, it lowered its offer for Dalia to dated Brent minus $1, from minus 90 cents, and its cargo of Saturno to the same level, down from dated Brent minus 80 cents a barrel.

* Traders said others were offering Dalia at steeper discounts.

* Indian refineries booked the largest amount of West African oil to load per day in February since April 2015, helping to shore up a decline in Chinese buying, a Reuters survey of vessel fixtures and traders showed on Friday.