W.Africa Crude-Steady, most Dec cargoes traded

LONDON, Nov 12 (Reuters) - West African spot crude oil differentials were steady on Friday as activity focused on finding homes for remaining December cargoes. State-run Indian Oil Corp. (IOC) bought at least two cargoes of Nigerian crude in its latest tender for oil loading in January, trade sources said on Friday. NIGERIA * Qua Iboe: pegged at dated plus $1.60, steady. Trafigura's Dec. 25-26 stem was thought to have moved to Conoco. Vitol is holding several cargoes, traders said, with the Dec. 21-22 shipment expected to cover a tender into BPCL. * Bonny: All December stems have been committed, traders said. Value was reckoned to be on a par with Qua or at a slight premium. * Brass River: No full, 950,000-barrel Brass cargoes were reported still available but Unipec and Sahara were thought to still have part cargoes. Traders continued to peg the grade at close to dated Brent plus $1.50. ANGOLA * All but a handful of December stems were reported cleared by equity holders. * Nemba: Eni was reported still to be indicating its cargo loading Dec. 24-25 at dated minus 30 cents, Traders reckoned the cargo would likely move at closer to dated minus 40 to 50 cents. For a database of oil supply and demand fundamentals upstream and downstream, Reuters subscribers can click on http://bond.views.session.rservices.com/ce/ (Reporting by Alex Lawler; Editing by Anthony Barker) ((+44 207 542 4087, alex.lawler@reuters.com; Reuters Messaging: alex.lawler.reuters.com@reuters.net)) -------------------------------------------------------------- WEST AFRICA CRUDE OIL DIFFERENTIALS AND OUTRIGHT PRICES: Bonny Light Cabinda Forcados Qua Iboe CRUDE ARBITRAGE STORIES CRUDE OIL TRADES NORTH SEA CRUDE REPORT MEDITERRANEAN CRUDE W Africa Asia crude exports, monthly New African oilfields energy speed guide crude speed guide NYMEX crude ICE crude OPEC North Sea crude oil oil products derivatives European products Latest ICE Latest NYMEX Keywords: MARKETS WESTAFRICA CRUDE (Xtra clients: Click on http://topnews.session.rservices.com to see Top News pages in multimedia Web format.) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved.

The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.