LONDON, July 3 (Reuters) - Price offers for Angolan crude
oil eased slightly on Friday due to a lack of Chinese buying,
but cargoes remaining to be sold for August have been selling
steadily.
* Poor margins and nearly-exhausted import quotas for
independent refiners meant Chinese buyers were less interested
in Angolan and Congolese crude grades.
* Much of the export programme for Congolese Djeno remains
unsold, traders said.
* Still, only around a little over 12 cargoes of Angolan oil
have yet to be sold for August, as a pick-up to some middle
distillate margins and draws of refined product stocks provided
support in some markets.
* Consistent Indian buying continued to buoy Nigerian
differentials, especially for some medium grades.
* Prices for lighter Nigerian grades had yet to rally
despite significant draws on gasoline stocks in Europe, as cheap
U.S. competition continues to be more attractive to importers.
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