W. Africa Crude-Nigerian crude sells slowly

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LONDON, Aug 3 – A few cargoes traded on Friday but demand remained particularly thin for Nigerian crude, which still has an overhang from August.

* About ten cargoes of Angolan were said to be still available from the September programme.

* September cargoes of Nigerian crude were selling slowly with some August still available.

* Sahara was said to have sold a cargo of mid-September Escravos to Cepsa.

* Statoil was offering a cargo of Girassol loading Aug. 18-19. About one or two Nemba cargoes were left being shown at dated Brent plus 20-30 cents a barrel but the last trade was heard at a slight discount. BP was still offering a cargo of Saturno at dated Brent minus 85 cents a barrel.

* Late-August loading cargoes of Nigerian Qua Iboe were heard to have changed hands at a premium of around $1.60 a barrel to dated Brent, but were offered as low as $1.45, traders said.

* September cargoes of Forcados, Escravos were being offered around dated Brent plus $1.80 a barrel.
TENDERS

* Uruguay’s ANCAP issued a tender for October delivery crude. It closes on Aug. 7.

* Results for Indonesian refiner Pertamina’s tender began to emerge with Eni set to deliver a cargo of Olombendo. Pertamina also took some other west African crude grades.

* Pertamina has another buy tender for cargoes arriving in October and November. The tender closes on Aug. 6.
RELATED NEWS

* China’s Unipec, the trading arm of state oil major Sinopec, has suspended crude oil imports from the United States due to a growing trade spat between Washington and Beijing, three sources familiar with the situation said on Friday.

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