Spot activity was muted on Friday with Angola reducing its offer levels for a second time and IOC taking crude in a tender.

India’s IOC was said to have bought a cargo of Congolese Djeno from Total in its latest tender for April 14-23 loading.

Angola’s state oil company Sonangol reduced its offers for April loading Cabinda at dated Brent plus $2.20 and Dalia at dated Brent minus 20 cents.

RELATED NEWS

BP CEO Bernard Looney’s 2022 pay packet more than doubled to around $12 million on the back of bumper profits amid spiralling energy prices, while BP’s emissions were broadly unchanged, its annual report showed on Friday.
Source: Reuters