LONDON, Aug 25 (Reuters) - China's Unipec offered Angolan
cargoes for sale on Tuesday, underlining the limited extent of
demand from major consumers, while Nigerian crude was heard to
be under pressure.
ANGOLA
* Unipec, usually a buyer, offered three October-loading
Angolan cargoes via the Platts system, a trade source said. They
were a Mostarda cargo at dated Brent plus 5 cents, a Sangos at
dated plus 25 cents and a Plutonio at dated Brent plus 35 cents,
implying traded values close to the benchmark or at discounts.
* State oil firm Sonangol has allocated nine October-loading
cargoes to term buyers and is selling another nine on a spot
basis, a trade source said. There are at least 40 cargoes
loading in the month.
* Sonangol was offering October-loading Cabinda at dated
Brent plus 80 cents a barrel, steady from Monday but down 20
cents from Friday.
The company was continuing to show Dalia and Pazflor crude
for loading in October at dated Brent plus 70 cents, steady from
Monday and also lower than on Friday.
NIGERIA
* October loading programmes were being issued for some
grades. The schedules for Qua Iboe, Forcados and Bonny Light
emerged on Monday. * There is still a sizeable overhang of September-loading
crude which is competing with U.S. crude exports in Europe,
putting downward pressure on differentials, traders said.
* Qua Iboe was last heard offered at around dated Brent plus
25 cents and expected by some traders to sell for below zero.