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imageLONDON: Traders said offers for Nigerian grades were too high to tempt refiners which are under pressure from falling margins.

A strike at some of Total's French refineries helped to buoy cracks for several weeks but now refiners face a global gasoline glut.

The arbitrage of Nigerian crude to the United States has also slowed down, one trader said.

An incident on an offshore platform in Angola's oil-producing Cabinda region has raised concerns of a resurgence in militancy in a country hard hit by the slump in oil prices.

ANGOLA

A handful of July loading cargoes were still on offer but traders were waiting for the August programme.

NIGERIA

After a flurry of offers on Monday, trades were thin on Tuesday. Around 20 cargoes were still available.

Sellers have turned their attention to India's IOC large buy tender and buyers deemed offers to be too high.

Copyright Reuters, 2016

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