LONDON, Aug 3 (Reuters) – West African crude differentials were well supported on Thursday by strong demand and distillate margins, and traders said sellers were raising offer levels for some grades.
* “There are strong margins in the East and West, and the grades are going up,” a trader of West African crude said.
* Qua Iboe for September loading was offered at dated Brent plus $1.60 a barrel, up 10 cents from levels reported earlier this week.
* Distillate-rich Forcados was still offered at a strong premium of $1.70 above dated Brent.
* Only a few September loading cargoes were still available.
* BP was offering a cargo of Mondo at dated Brent plus 40 cents. Dalia was offered at dated Brent minus 10 cents and Pazflor at dated plus 25 cents, a trader said.
* Indonesia’s Pertamina is running a tender to buy crude for October delivery cargoes.
* Indian Oil Corp. is running a tender to buy West African crude loading Sept. 20-30. The result should emerge on Friday, a trader said.
* Another Indian refiner, BPCL, is running a tender to buy September loading cargoes. The tender closes on Aug 4. (Reporting by Alex Lawler; Editing by Susan Fenton) ))