W.Africa Crude-IOC snaps up WAF, Nigerian programmes emerge

LONDON, May 29 (Reuters) - West ​African crude differentials ⁠in the spot ​market were steady on Friday, while India's IOC picked up ​Angolan ‌and Nigerian crude in a recent buy tender.

* ⁠India's IOC purchased cargoes of ⁠Angolan Nemba and Kissanje from ​Shell and BP respectively, for delivery to Paradip. It also bought Nigerian Usan from ExxonMobil for delivery ​to ‌Vadinar.

* The West African cargoes traded at around dated Brent plus $4, trade sources said.

* Exports of Nigerian Bonny Light, Bonga, ​Forcados and Qua Iboe are scheduled at about ‌847,000 barrels per day in July, preliminary loading programmes seen by Reuters ‌show.

* At that level, loadings will be about 2.4% higher than the 827,000 bpd scheduled to ​load for those grades in June.

* A small number ‌of May West African cargoes are loaded on water and not yet heading to destinations, a ⁠trader said ⁠on Friday.

* West African differentials ‌have slid in recent weeks from record highs amid stiff competition ​from ​U.S. and Americas crudes, and a ‌drop-off in Asian demand.

* Trades for July loadings were slow to emerge, traders said. (Reporting by Robert Harvey. Editing by Mark Potter)

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