LONDON, June 25 (Reuters) - Exports of four major Nigerian
grades were set to rise for August, according to preliminary
export programmes seen by traders, as Nigerian differentials
remained strong on European gasoline cracks.
NIGERIA
* Nigeria's planned August exports for Bonga, Bonny Light,
Qua Iboe and Forcados grades were set to hit 954,000 barrels per
day (bpd), up 155,000 bpd from July.
* Exports of Forcados rose particularly sharply, up 60,000
to 275,000 bpd after the stream encountered loading delays for
July which unnerved traders and hurt the grade's differentials.
* Differentials for Nigerian were bolstered as European
gasoline cracks hit a two-week high on Monday.
* The major fire last week at Philadelphia Energy Solutions,
which had imported modest amounts of Nigerian crude, has reduced
U.S. domestic refining capacity and driven up prices.
ANGOLA
* An small overhang for July loading cargoes remained, as
cargoes for August loading are being offered at relatively lower
prices to jumpstart Chinese buying.
* A rise in India's oil imports from the United States to
compensate for Venezuelan and Iranian crude has outpaced growth
in shipments from other traditional sources including West
Africa, which only slightly grew since the U.S. sanctions on
Tehran. NEWS
* Russia became the largest crude oil supplier to China in
May, supported by robust demand from private refiners and
alongside a fall in supplies from Iran. * A closer look at a dozen tankers containing dirty Russian
oil suggests that for the buyers, the Russian oil contamination
debacle has a long way to run and will cost them hundreds of
millions of dollars.