LONDON, June 15 (Reuters) - Angola's new export schedules
are due to be released as a relatively high overhang of cargoes
from July still awaits sale.
* Up to 10 cargoes of Angolan crude oil remain to be sold in
July.
* Export schedules for August are due to be published
imminently, with traders expecting volumes to again be slimmed
down from usual to comply with an OPEC+ supply cut agreement.
* Saudi Aramco (SE:2222) has reduced the volume of July-loading crude
that it will supply to at least five buyers in Asia, seven
sources said on Monday. * Traders said the move, partly due to a recent increase to
official selling prices, would likely not help clear
larger-than-normal overhangs of heavier West African oil because
the Saudi grades are sour and the African ones sweet.
* Differentials for Angolan and Nigerian crude largely held
steady, traders said, as the market awaited the outcome of
several pending tenders and potential buyers awaited price
reductions due to persistently poor refining margins.
TENDERS
* India's HPCL is running two spot tenders for 2 million
barrels of oil each, including mostly West African grades. One
is for Sept. 1-10 delivery and the other for Oct. 1-10. Both
close early this week.
* Uruguay's Ancap has issued tenders for oil including West
African grades due to arrive in August, set to close this week.
RELATED NEWS
* China's crude oil throughput in May rose 8.2% from a year
earlier as independent refiners increased their processing to
meet the recovery in fuel demand following the easing of
coronavirus lockdowns. * Iran could send two to three cargoes a month in regular
gasoline sales to ally Venezuela, sources say, helping offload
domestic oversupply but risking retaliation from U.S. President
Donald Trump who has sanctions on both nations.