LONDON, Sept 7 (Reuters) - Sales of Angolan, Chadian and
Congolese crude picked up but at relatively low prices amid low
demand and slow Chinese buying.
* State oil company Sonangol was down to its last three spot
cargoes, including a Cabinda and two cargoes of Dalia offered at
dated Brent plus 50 cents.
* Only one cargo of Doba crude from Chad was still on offer
for October at around dated Brent minus $1, after Exxon and CPC
picked up two of the four cargoes for October export.
* Only a small handful of cargoes of Congolese Djeno remain
for sale, for below dated Brent minus $1, with Total scooping up
about two of the October-exporting cargoes.
* Taiwan's Formosa has been one of the few bright spots for
East Asian demand for West African crude, after a fire knocked
out a key unit at its Mailiao refinery earlier this summer.
* Traders see prices it paid for a cargo of Cabinda from Eni
and Girassol from Sonangol as slightly above market value, as
the refiner looks set to need more sweet crude from the region.
* With Chinese independent refiners near the end of their
import quotas and state buyers satisfied with record purchases
in earlier months, demand is set to be persistently low.
* In another unusual move, China's Unipec sold a cargo of
Nigerian Antan on the Platts window last week for around dated
Brent minus 40 cents, and has sold more than one of its term
allocated cargoes of Angolan crude for October export.
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year earlier, buoyed by hefty orders placed earlier this year
when global oil prices collapsed and as cargoes previously
delayed by congestion at arrival ports finally cleared customs.
* The global economy is likely not headed for any major
slowdown due to COVID-19 but piled-up storage and uncertainty
over China's oil demand cloud oil markets' recovery, an official
with the International Energy Agency (IEA) said.