LONDON, June 24 (Reuters) - Preliminary export plans for
Nigerian crude oil in August showed a slight fall in volumes for
some main grades compared with last month, as the OPEC member
sought to comply with a producer pact to cut output.
* Exports for Bonny Light, Bonga, Qua Iboe and Forcados
crude are set for 743,000 barrels per day (bpd), down 25,000 bpd
from the last month. O/LOAD
* Two of the four cargoes from Bonga were carried over from
the previous month due to maintenance on that stream.
* The head of Nigeria's NNPC said this month the country
would need to cut an additional 40,000-45,000 bpd starting in
mid-August to compensate for over-producing oil in previous
months.
* Traders said Nigeria largely complied with the new OPEC+
agreement for July exports and August volumes would not be
sharply reduced.
* As crude and product destocking goes slowly in Europe
despite higher car use, differentials for Nigerian light oil
remains steady below dated Brent plus $1.
* Angolan prices also remained steady, with traders
expecting slow buying from Chinese state and independent
refiners to eventually drive them down further.
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