* Nigerian Qua Iboe strong around dated plus $2.50
* Two large Asian buying tenders open, supporting sweets
* No more than 10 West African March stems left available
LONDON,(Reuters) - Nigerian crude oil differentials were strong on Monday, supported by steady demand from Indian buyers and enquiries from U.S. buyers.
Although U.S. Midwest crude oil stocks are at historically very high levels, some coastal demand centres show much lower levels of stocks and some distillate-rich Nigerian crude oil grades are finding demand despite the extraordinary strength of Brent, on which differentials are based.
Asian demand continues apace with outstanding buying tenders from India and Indonesia expected to take Nigerian grades.
* Qua Iboe: Vitol's March 21-22 stem was reported potentially available for sale after a reorganisation of positions, traders said. Qua Iboe was offered around dated Brent plus $2.65 with bids below $2.50.
* Bonny Light: still reported to be at parity with Qua Iboe.
* Forcados: Shell was said to have been awarded one half of the most recent IOC buying tender, the first for April lifting into which it had placed one of its two end-March Foracdos cargoes. The other cargo, probably loading March 25-26, was reported to be available. The most recent open offers of Forcados were reported around dated Brent plus $3.20. Eni's March 14-15 Forcados stem was said to have been sold to Sun
ANGOLA/OTHER GRADES
* Mondo: Vitol was reported still to have available a cargo of Mondo loading March 15-16. This cargo was said by one potential buyer to be worth "closer to dated Brent minus $2.50 than minus $2.00".
* Equatorial Guinea Ceiba: the last Ceiba cargo, loading March 24-25, was reported still available at around dated Brent minus $1.75.
ASIAN BUYING TENDERS
* State-owned refiner Indian Oil Corp (IOC) has delayed by one day its buying tender for sweet crude, its second for barrels loading in April, traders said. Part I of the tender will now close on Feb. 16, instead of Feb. 15, while part II will close on Feb. 17 with offers to remain valid until Feb. 18. [CRU/TENDA]
* Petral, the trading unit of Indonesian state-run energy firm Pertamina, has open a tender to buy sweet crude for April delivery. The tender closed on Feb. 14 with bids remaining valid until Feb. 15. In its previous tender, Petral bought a 950,000-barrel cargo of Bonny Light for March arrival. [ID:nL3E7DB0OU]
For a database of oil supply and demand fundamentals upstream and downstream, Reuters subscribers can click here (Reporting by Christopher Johnson; editing by Anthony Barker)
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