LONDON, March 23 (Reuters) – Nigeria slightly raised its planned exports of several main grades for May compared with April, while demand for West African crude remained muted.
* A notable drop in export volumes for the main Bonny Light stream was made up for by more oil exports planned from the Bonga and Forcados streams.
* Traders said slight decreases made to official selling prices for April, published by Nigeria’s NNPC on Monday, did not adequately reflect a strong slump in demand.
* Traders said April-loading Angolan cargoes had yet to sell out, with around three cargoes still available for sale.
* India’s MRPL bought a cargo of heavy sweet Brazilian Tupi crude, offers of which have soared in recent weeks, in a sign of further inroads into the Indian market of non-West African grades.
* Uruguay’s Ancap issued a tender for one cargo of May-arriving crude for which West African grades are eligible, set to close on Wednesday.
* Taiwan’s CPC closed its buy tender for June-arriving sweet crude, though results did not immediately emerge.
(Reporting by Noah Browning in London Editing by Matthew Lewis) ))
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