off-the-wire

W. Africa Crude-Diffs under pressure due to French strikes

Kitco Media
By Reuters
Published:
Updated:
Reuters
LONDON, March 17 (Reuters) - Spot activity was muted on Friday owing to competition from cheaper alternatives and sagging demand in part due to French refinery strikes.



* Angola's May loading programme emerged with 33 cargoes compared with 36 in April.
* About six cargoes of Angolan crude remained from the April programme along with more than 20 Nigerian cargoes.


* Nigeria's Qua Iboe grade was being offered at lower levels than earlier in the cycle at around dated Brent plus $2.00.


RELATED NEWS
* Strikes against the French government's planned pension reform entered a second week on Wednesday, disrupting maintenance at nuclear reactors, hitting liquefied natural gas (LNG) prices and blocking some shipments from refineries and depots.
(Reporting by Julia Payne; Editing by Mark Porter)


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