LONDON: The last few Angolan crude cargoes for August loading sold by Thursday as the September preliminary export programmes emerged for several grades of Nigerian crude, including Qua Iboe.
ANGOLA
The small overhang -- the second month in a row -- of Angolan August loading cargoes cleared, as cautious Chinese buying has slowed sales.
Improved East Asian margins and expected stock builds may provide a boost to September buying, traders said.
Angolan state oil company Sonangol had yet to completely work out term allocations for September cargoes, and it remained unclear which grades they would seek to sell as spot cargoes.
NIGERIA
Nigeria's Qua Iboe crude oil stream will export six cargoes in September plus two deferred from the previous month, down from the 9 cargoes originally planned for August.
Programmes for other main grades were expected imminently.
Between 25-35 cargoes remained for August loading.
Price offerings for top grades Qua Iboe and Bonny Light were heard to stand between $2-$2.50 above dated Brent.
Nigerian light sweet varieties are especially hard hit amid reduced demand as the summer driving season winds down and similar US grades remain abundant.
TENDERS
Indonesia's Pertamina has issued a tender for one cargo per month for October-December delivery, set to close on Monday.
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