LONDON, July 2 (Reuters) - Spot trade was slow on Tuesday
despite higher refinery margins on the back of the major
Philadelphia refinery outage.
* Trading sources said Nigeria's state oil firm NNPC had
narrowed its list of companies for its crude-for-fuel swaps,
dubbed Direct Sale Direct Purchase (DSDP) contracts, to 12
consortiums including its own trading arm Duke Oil but the final
list could still change pending ministerial signatures.
* About 20 Angolan cargoes remain for loading in August,
roughly the same rate as in better trading months this year.
* Offer levels for major Nigeriaan grades Bonny Light and
Qua Iboe were heard at around a premium of $2.50 above dated
Brent.
* India's IOC issued a new buy tender for west African crude
loading Sept. 1-10 closing on Thursday.
RELATED NEWS
* OPEC and its allies led by Russia agreed to extend oil
output cuts until March 2020 on Tuesday, seeking to prop up the
price of crude as the global economy weakens and U.S. production
soars. * The OPEC+ extension comes after Russian President Vladimir
Putin said on Saturday he had agreed with Saudi Arabia to
prolong the pact and continue to cut combined production by 1.2
million barrels per day, or 1.2% of world demand.