June 16, 2011 / 3:29 PM / in 8 years

WAfrica Crude-Angolan exports to slip

 * Angola to export 1.58 million bpd in August
 * Qua Iboe valued around dated plus $2.20-$2.40
 * India, Indonesia tender results awaited
 
 LONDON, June 16 (Reuters) - Angola is scheduled to export less crude oil in
August than July, provisional loading programmes from trade sources showed on
Thursday.
 Some Nigerian crudes were expected to come under pressure as there are
relatively ample remaining supplies for July.
 
 ANGOLA
 * A preliminary loading schedule showed exports of 1.58 million barrels per
day (bpd) on 51 cargoes in August, including six shipments of Cabinda, eight of
Dalia and five of Plutonio.
 That would be down from July's total expected to average 1.7 million bpd.
 * Traders said it was too early for any offers or spot trades for August
cargoes, although the slight decline in exports could lend values some support.
 
 NIGERIA
 * Some grades are looking relatively long for July. Five cargoes of Agbami
are stil available, traders said. Offers were heard around dated plus $1.20.
 * Bonny: Sellers not showing offers as participants are awaiting a revised
loading programme from Shell after this week's force majeure declaration. A
trader said relatively small delays of two to three days were expected at most.
 * Qua Iboe: valued notionally around dated Brent plus $2.20 to $2.40,
unchanged from the previous session. 


 ASIAN TENDERS
 * Indian Oil Corp has a buying tender out for August cargoes. The price and
grade offers should be submitted on Tuesday and Wednesday and should remain
valid until Thursday.
 * Petral, the trading unit of Indonesian state-run energy firm Pertamina,
reissued a tender to buy sweet crude for August delivery. The tender closes
later on Wednesday with offers valid until a day later, they said.
 For a database of oil supply and demand fundamentals upstream and
downstream, Reuters subscribers can click here
 
 (Reporting by Alex Lawler; editing by Jason Neely)






















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