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Oil prices fell on Monday as officials from Iran and six world powers discussed a possible deal over Tehran's nuclear programme that could bring an end to sanctions and allow an increase in Iranian oil exports. The two sides have until the end of Tuesday to come up with an agreement in Lausanne, Switzerland. At present, oil markets are well supplied and recent figures show global production outstripping demand by around 1.5 million barrels per day (bpd), filling oil inventories. Continued dollar strength is (as well) a headache to the oil price recovery. Moreover, lower oil prices have encouraged some oil and gas companies to stop drilling, particularly in the United States, but this is unlikely to affect oil production until later this year.

Singapore: Avails are fair. Prompt deliveries from 2nd of April onwards according to barge schedules.

Fujairah: Avails are tight. The earliest dates for deliveries were from 4-5th of April onwards according to barge schedules.

Piraeus: Avails are fine. Earliest deliveries from 2-3rd of April and onwards according to barge schedules.