LONDON, June 7 (Reuters) –More than half of Angola’s July-loading cargoes have been sold, a trader said on Friday.
* About 13 cargoes of Angola’s July-loading cargoes are left, the trader said. The country is scheduled to export about 36 cargoes next month.
* Earlier this week, traders said Sonangol sold a July-loading cargo of Cabinda to TotalEnergies at around dated Brent plus $2 a barrel, and a cargo of Dalia to BP at just under dated Brent flat.
* Sellers of Angolan crude have also suggested Chinese demand is ramping up. However, one large buyer on Friday said: “We are not buying more than normal.”
* Data on Friday showed that in China crude oil imports fell 8.7% in May from a year earlier, as refiners scaled back purchases amid heavy plant overhauls, subdued profit margins, and weak demand for refined oil products.
Reporting by Natalie Grover in London; Editing by Louise Heavens
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