North Sea Forties crude differentials gained ground on Thursday after strong bidding interest in the afternoon window, while U.S. WTI Midland was offered higher.
PLATTS WINDOW
* Indications are on a free-on-board (FOB) basis unless marked as cost, insurance and freight (CIF) or delivered at place (DAP).
* There were no deals on Thursday.
* Forties: Unipec bid for a July 13-31 cargo at dated Brent plus $1.30.
* The bid was tabled at a much higher level than where Forties traded on Tuesday, when TotalEnergies bought a July 16-18 cargo from Shell at dated Brent plus 15 cents.
* WTI Midland: Mercuria offered July 26-30 at dated Brent plus $2.10 on a CIF Rotterdam basis, higher compared with its offer for the same dates on Wednesday at dated plus $1.85 CIF.
* Thursday’s offer equated to around dated plus $1.09 on a FOB equivalent basis, Reuters calculations showed.
NORTH SEA CRUDE OIL DIFFERENTIALS AND OUTRIGHT PRICES:
(0#BFO-DIF) (0#C-E)
Dated BFO (BFO-)
Brent (BFO-BRT) (BFO-E)
Forties (BFO-FOT) (FOT-E)
Oseberg (BFO-OSE) (OSE-E)
Ekofisk (BFO-EKO) (EKO-E)
Monthly North Sea crude loading programmes
OPEC North Sea
crude oil oil products
derivatives European products
(OILOIL) (NYMOIL), (IPEOIL), (OILSPD), (OILARB)
(CRDWLD) (PRODEUR), (PRODUS), (APROD)
(ENERGY) energy speed guide (CRUDE/1) crude speed guide