LONDON, Aug 20 (Reuters) - Large quantities of light sweet
Nigerian crude as well as several varieties of Angolan oil
remained unsold as contango market structure and poor demand
weighed on sales.
* Not a single cargo of Nigerian Qua Iboe crude had been
sold for export in September, with offers just above dated Brent
flat.
* Offers for Agbami crude were around dated Brent minus $1
and Brass River 50 cents below dated Brent.
* Contango market structure was discouraging draws on
extensive oil storage and instead aiding purchases into floating
storage and for later refining.
* Two traders predicted poor refining margins might soon
improve as demand picks back up.
* Two cargoes of Angolan Dalia crude went to term
allocations, while Sonangol was offering the other three for
around dated Brent plus 90 cents.
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