Traders looked to several tenders on Tuesday as spot demand remained lacklustre.
Angola’s state oil firm Sonangol lowered its offer levels for its remaining two spot cargoes by 30 cents a barrel with Cabinda loading April 23 now at dated Brent plus $3.20 and Girassol at dated Brent plus $2.70.
South Africa’s Sasol issued a buy tender closing on Wednesday.
India’s IOC issues a buy tender for cargoes loading May 1-10. Results are expected on Thursday.