LONDON, June 18 (Reuters) - Reduced Chinese buying due to
shipping and refining obstacles have kept purchases of Angolan
oil slow, as independent Chinese refiners face slimmer import
quotas.
* Around five cargoes of July-loading Angolan crude oil have
yet to be sold, with several factors weighing on Chinese buying.
* Port congestion is delaying offloading of imported crude
oil, dampening demand for new orders.
* Low margins globally, abundant stocks and used-up import
quotas have undercut Chinese demand, with the next batch of
quotas for independent refineries likely to be smaller than
previously, traders said.
* Up to two dozen cargoes of Nigerian crude have yet to be
sold for July, yet Indian tenders continue to persistently soak
up Nigerian supply.
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