More Nigerian export cargoes unsold

As the traders expect crude oil shipping schedule for March, there are indications that some of Nigeria’s cargoes for February were still awaiting orders.
However, the West African crude oil differentials remained under pressure this week, with sales slow down as buyers experience lower offers before picking up the ample supply available for February loading.
Information gathered from Traders showed that about 25-30 Nigerian crude oil cargoes for February were still available for sale.
Highlighting fading demand from the biggest customers of West African crude oil, Reuters survey showed that exports to Asia would fall to about 1.86 million barrels per day from 2.16 million bpd in December.
Traders said that signs of increasing exports from Libya were adding to pressure on Nigerian crude oil grades, which are of similar quality.

Libya’s National Oil Corporation spokesman, Mohamed al-Harari, said El-Sharara oil field production is at 205,000 barrels per day (bpd) after protests there ended, and should reach full output capacity of 340,000 bpd soon.
Traders of Angolan crude oil were watching developments in South Sudan as supply from both nations is typically relatively heavy and high in sulphur.
South Sudan has requested talks with Sudan on deploying a joint force to secure oil fields in the south, Sudan’s Foreign Minister Ali Karti said.
On Angola exports, the Plutonio, Dalia, Saturno, and Pazflor cargoes for February loading remained unsold, while about 10-12 cargoes were still available.