Nigeria to Lower Crude Prices as Angolan Trade Slows

Nigeria has lowered the official selling prices for its Bonny Light and Qua Iboe crude,reflecting lacklustre demand for cargoes from buyers in Europe and Asia.

At least 10 cargoes of Nigerian crude for July loading are still available, traders said on Friday, just as the August loading schedules are set to be issued.

"There is quite an overhang - a lot is still there for July," one trader said, referring to Nigerian crude.

Angolan cargoes for August export have so far failed to attract buyers, with traders saying initial offers were too high.
   
Nigeria
* Nigeria set the official selling price (OSP) for Qua Iboe and Bonny Light crude oil grades at dated Brent plus $2.55 a barrel in July, down 15 cents from June. See for the full list of July prices
* Companies offering cargoes of July-loading Nigerian crude include Shell and BP, a trader said.
  
Angola
* Initial offers from Sonangol for August cargoes were as follows, relative to dated Brent. A trader said these had not changed from Friday and dealing so far has been slow.
-- Dalia: -$1.80
-- Hungo: -$1.60
-- Kissanje: -$0.30
-- Mondo: -$1.60
-- Nemba: -$1.00
-- Palanca: +$2.50
-- Plutonio: -$1.75
-- Saturno: -$2.80
-- Saxi: -$0.30

(Reporting by Alex Lawler; Editing by David Goodman)