W Africa crude

LONDON: West African crude differentials were steady on Friday after declining this week, while Indian Oil Corp was heard to have bought several cargoes in its latest tender.

There were no further offers of Angolan crude via the Platts system on Friday, a trader said. There was a lower offer for one grade on Thursday, and on Wednesday Angolan grade Dalia was offered lower.

The drop comes despite ongoing supply disruptions in the Middle East due to the Iran war.

“Angolan is under pressure,” a trader said. In other developments, IOC awarded its buying tender this week and is taking one cargo of Nigerian crude, one of Angolan and some Murban crude from the UAE, a trader said.