While the market braced for the return of Forcados, traders said they would likely demand a discount to buy the grade until its loadings proved reliable, Reuters reports.

There was still a surplus of other cargoes, with more than 20 cargoes available. July loading programmes are due next week.

India’s HPCL had provisionally booked the VLCC Dalian to load Qua Iboe in June, according to shipping fixtures. Buying from India helped support Qua Iboe values in recent weeks.