November 15, 2018 / 4:58 PM / 5 months ago

W. Africa Crude-Traders wait for Jan programmes, Nigerian clears

LONDON, Nov 15 (Reuters) - A surplus of December loading cargoes has largely cleared thanks to a number of tenders, traders said on Thursday, but there was still no sign of any January schedules.

* Less than 20 cargoes of Nigerian crude were still available, traders said, with January loading programmes expected to start emerging on Friday.

* Only a handful of Bonny Light, Qua Iboe and Forcados cargoes were left. Bonny was being shown at a premium to dated Brent of $1.60 to $1.70 a barrel and Forcados at $1.70.

* December loading Bonga was said to be sold out.

* The January Angolan programme was not expected to emerge until Monday.

* Unipec bought a cargo of Angolan Nemba from Chevron.


* Indonesia’s Pertamina took Qua Iboe and Bonny Light from Total and Escravos from Chevron in its early January delivery tender, traders said.


* A probe by the Nigerian Senate into whether state oil firm NNPC improperly withdrew money has expanded with the amount under investigation doubling to over $2.2 billion, a committee said on Wednesday.

* Without another mega-project like Total’s Kaombo on the horizon and fields getting old, Africa’s second-largest crude producer is facing a steep decline unless it can revive exploration in what was once one of the world’s most exciting offshore prospects. (Reporting By Julia Payne; Editing by Mark Potter) ))

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