LONDON, March 18 (Reuters) – North Sea Forties crude
differentials weakened on Tuesday while U.S. WTI Midland traded
higher than Monday’s bids.
differentials weakened on Tuesday while U.S. WTI Midland traded
higher than Monday’s bids.
PLATTS WINDOW
* Indications are free on board (FOB) unless marked as cost,
insurance and freight (CIF) or delivered at place (DAP).
* WTI Midland: BP bought from Chevron April 16-20 at dated
Brent plus $1.65, up 15 cents from bids on Monday. The deal was
equal to roughly traded Brent plus 77 cents according to Reuters
calculations.
* Forties: BP sold to Glencore at dated Brent plus 80 cents
and Shell offered another cargo at dated plus 60 cents. The
average means Forties is still slightly cheaper than WTI.
(Reporting by Alex Lawler, Editing by Vijay Kishore)