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Oil prices were lower in North American trade on Tuesday, reversing its overnight gains, as market players looked ahead to fresh weekly information on U.S. stockpiles of crude and refined products. The American Petroleum Institute will release its inventories report later in the day, while Wednesday’s government report could show crude stockpiles rose by 1.5 million barrels in the week ended April 29. Production from top exporter Saudi Arabia was 10.15 million bpd in April, but sources said it may return to near-records of 10.5 million bpd soon. Iran is also raising output following an end to sanctions in January, having increased its exports to almost 2 million bpd from a little over 1 million bpd at the start of the year.

Singapore: Avails are fair. Earliest deliveries from 8th of May onwards, depending on barge schedules. Tight avails for prompt supplies.

Istanbul: Avails are fine. Earliest deliveries basis 8th-9th of May onwards, depending on barge schedules. Prompt deliveries also possible.

Fujairah: Avails are tight. Earliest deliveries basis 9th-10th of May onwards, depending on barge schedules.