LONDON: Benchmark crude prices fell by more than 3 percent on record OPEC output in July and an increase in the US rig count last week.
Differentials for Angolan crude had started to soften, while there was notably little buying interest for Nigerian crude, despite a limited number of cargoes available.
Nigeria is deploying troops in strategic positions in the Niger Delta to prepare to use force against militants if peace talks fail, defence chiefs said on Friday.
ANGOLA
Around 40 percent of Angola's September cargoes have traded, sources said. Key buyer Unipec has thus far remained on the sidelines.
State oil firm Sonagol sold its cargo of Cabinda on Monday, sources said, though the buyer was not immediately clear.
Chevron also sold a cargo of Nemba crude oil to PetroIneos, though the deal was not immediately confirmed, while US refiner Tesoro bought a cargo of Plutonio from BP.
Sonangol had three cargoes left to sell, including Nemba, Sazi and Sangos.
NIGERIA
Several streams, including Qua Iboe, Brass River and Forcados remained under force majeure.
Programmes including just over 30 cargoes for September loading had been released, compared with more than 55 in a typical month.
The August Erha programme emerged with four cargoes, but no fresh September loading programmes surfaced, or revised Qua Iboe loadings.
While certain offshore grades such as Agbami and Akpo were trading steadily, concerns over loading delays and force majeure was impinging on demand for other Nigerian grades.
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