W. Africa Crude-Bonny Light buying interest fades
LONDON, Nov 27 (Reuters) -Mercuria did not return to bid for Nigerian Bonny Light in the Platts window on Wednesday, as West African grades remain under pressure from lacklustre demand.
* There were no bids or offers in the Platts window on Wednesday, a trade source said, after Mercuria bid for two Bonny Light cargoes, both with loading dates of Dec. 30 to Jan. 10, at dated Brent plus 90 cents on Tuesday.
* Bonny Light was most recently valued at about dated Brent plus $1.00 free on board (FOB), trade sources told Reuters on Tuesday.
* A nascent price recovery in light sweet North Sea grades is not spreading to other parts of Europe or West Africa, said Sparta Commodities analyst Neil Crosby in a note on Tuesday.
* Demand for West African crudes remains lacklustre, a trader said on Friday.
* Exports of four key Nigerian crude oil grades - Qua Iboe, Bonny Light, Bonga and Forcados - will reach 841,000 barrels per day (bpd) in January, preliminary programmes seen by Reuters on Tuesday showed, up from a combined 770,000 bpd scheduled to load in December.
* More Nigerian crude is heading to Asia this month, Kpler data show. Loadings for Asia so far in November have reached 414,000 bpd, up from 230,000 bpd in October.
Reporting by Robert Harvey;Editing by Elaine Hardcastle
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