LONDON, Sept 2 (Reuters) - A VLCC of Nigerian crude was seen
bound for China, marking its biggest month of buying from
Africa's top exporter in years as it ramps up its gasoline
exports.
* VLCC Athenian Success is bound for Lanshan after loading
Akpo and Egina in the last few days.
* The nearly 3 million barrels of Nigerian exports to China
in the last 30 days are the most since the summer of 2015.
* China's gasoline exports in July surged 75% from a year
ago, with its products reaching as far afield as Nigeria and
Mexico. * A little over 10 Nigerian cargoes remained for export in
September.
* Selling prices for some Nigerian grades were heard to be
roughly in line with the official selling prices (OSPs), which
had been marked down this month on sluggish U.S. and European
demand.
* More Asian gasoil is expected to head to Europe as buyers
take advantage of the biggest seasonal price gap between the two
regions in at least seven years. * India's IOC issued two tenders for loading Oct. 11-20 and
Nov. 1-10, set to close on Wednesday.
RELATED NEWS
* While U.S. sanctions on Iran's oil industry have slashed
the OPEC member's crude exports by more than 80%, oil product
sales from the Islamic Republic remain strong at nearly $500
million a month. * Top oil exporter Saudi Arabia is expected to raise prices
for light crude grades it sells to Asia in October on stronger
Middle East benchmarks and gasoil margins, several trade sources
said on Monday.