WAfrica Crude-Nigerian Qua stalls after buying spree

* Qua Iboe valued at dated plus $2.30-$2.60

* Ten cargoes seen remaining for Angola

GENEVA, Oct 1 (Reuters) - Nigeria's largest crude stream,Qua Iboe, showed signs of stalling on Monday after a flurry ofdeals last week that boosted differentials to six-month highs.

Traders said that most of the Indian demand for cargoesloading in November has already been covered, suggesting thatdifferentials may have already peaked.

"Indications haven't dropped yet, but I reckon it will tradearound $2.30. Now that the Indian tenders are covered, realitykicks in and the level has gone too high for buyers," said aWest African crude oil trader.

Petral, the Singapore-based trading arm of Indonesian stateoil company Pertamina, was heard not to have awarded its latesttender to buy light, sweet crude for loading in November.

NIGERIA

* Qua Iboe: This grade reached the highest level since Marchlate last week (dated plus $2.60-$2.70) but traders said it hasnot traded since Thursday in what could be an indication ofslower demand. One trader estimated it was now around 20-30cents lower.

* Between 4-6 Qua Iboe cargoes from the original Novemberloading programme remained, traders said.

ANGOLA

* There are around 10 of 52 Angolan cargoes still unsold forNovember, traders said.

* Cargoes remaining include Pazflor and Girassol. There wereno fresh offers for these grades on Monday. Pazflor was lastheard offered at dated minus 70 cents and Girassol at dated plus20-30 cents.

TENDERS

* Petral, the Singapore-based trading arm of Indonesianstate oil company Pertamina, has tendered to buy light, sweetcrude for loading in November, traders said. End-October barrelscould be delivered into the tender, they added.

* India's BPCL also has a tender running that closes soon,traders said.

DATABASE

For a database of oil supply and demand fundamentalsupstream and downstream, Reuters subscribers can click on:

(Reporting by Emma Farge; Editing by Anthony Barker)

(([e-mail])([phone], [phone])(Reuters Messaging:[e-mail]))

((WEST AFRICA CRUDE OIL DIFFERENTIALS AND OUTRIGHT PRICES:

Bonny LightCabindaForcadosQua IboeCRUDE ARBITRAGE STORIESCRUDE OIL TRADESNORTH SEA CRUDE REPORTMEDITERRANEAN CRUDE7

W Africa Asia crude exports, monthly

New African oilfieldsenergy speed guidecrude speed guideNYMEX crudeICE crudeOPECNorth Seacrude oiloil productsderivativesEuropean productsLatest ICELatest NYMEX))))

Keywords: MARKETS OIL WESTAFRICA