LONDON, July 24 (Reuters) - Spot activity was muted on
Friday due to lacklustre demand in China, which faces port
logjams and stalling fuel demand.
* About 5-7 cargoes were left from the August loading
programme.
* Sonangol was offering four spot cargoes: Dalia,
Gindungo, Cabinda and Girassol.
* Bonny Light and Qua Iboe were being offered at about dated
Brent plus 90 cents to plus $1.00.
* India's IOC awarded its latest tender to Vitol, Equinor
and Shell, traders said, with Agbami and Egina but further
details did not immediately surface.
RELATED NEWS
* Congestion at China's east coast oil ports that is adding
to costs for shippers and importers is likely to run well into
August, with crude shipments set to hit another record high this
month, according to analysts and Refinitiv data.
* Equinor EQNR.OL on Friday reported a drop in
second-quarter operating profit but a strong performance from
its refinery and trading business helped to counter a
coronavirus-led slump in oil and gas prices allowing the group
to beat forecasts. * Sub-Saharan Africa's economy will contract this year after
shutdowns disrupted activity and as daily cases of coronavirus
are still rising in the region but a recovery is expected next
year, a Reuters poll found on Friday. * Nigeria, Africa's biggest economy, was expected to
contract 3.7% this year but bounce back to 2.0% growth next
year.