LONDON, Aug 6 (Reuters) - A large number of Angolan cargoes
changed hands on Thursday after offer levels fell, with trade
houses coming in to buy more cargoes for storage as end-user
demand, especially Chinese, stagnated.
* Chinese appetite for August and September loading west
African crude has been lower on the back of port logjams
following a buying spree during peak COVID-19 lockdowns in the
western hemisphere. Major floods in China have also dented fuel
demand.
* State company Sonangol has sold all its September spot
cargoes. On Wednesday, it sold a cargo of Cabinda to Glencore
and one of Dalia to Shell. The Cabinda had last been offered at
dated Brent plus $1.20 and the Dalia at plus $1.00.
* Traders said the Cabinda traded below $1 but more precise
details did not emerge.
* China's Unipec bought a cargo of Kissanje from Eni, last
offered at dated Brent plus $1.20 but the final price did not
emerge. It also bought a cargo of Girassol from Total.
* Portugal's Galp bought a cargo of CLOV from Total for
Sept. 16-17 loading.
* Vitol bought a cargo of September loading Cabinda from
Chevron, traders said.
* Spain's Repsol was said to have bought a cargo of Nemba
from Chevron.
* PetroIneos bought a prompt cargo of Nigerian Escravos for
Aug. 8-9 loading from Chevron at the end of last week.
* Uruguay's ANCAP closed a buy tender for crude for Oct. 3-7
delivery but did not take West African oil.
* India's IOC closed a buy tender for cargoes loading Oct.
1-10, awarding it to Chevron and Shell. Chevron was thought to
have sold a cargo of Agbami in the tender.
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