February 04, 2025 18:14 GMT
OIL: North Sea Crude-WTI Midland and Forties slip: Reuters
OIL
North Sea Crude-WTI Midland and Forties slip: Reuters
- WTI Midland declined after two deals and an offer withdrawal and Forties also fell due to a lower offer.
- PLATTS WINDOW--Indications are on a free-on-board (FOB) basis unless marked as cost, insurance and freight (CIF) or delivered at place (DAP).
- WTI Midland: Glencore bought from Gunvor for Feb. 28-March 4 at 95 cents plus dated Brent on a CIF Rotterdam basis.
- WTI Midland: Gunvor bought from ExxonMobil for Feb. 16-20 at 45 cents plus dated Brent on a CIF Rotterdam basis.
- The WTI Midland average was 70 cents on a CIF Rotterdam basis, equivalent to -18 cents on an FOB basis, according to Reuters calculations.
- Johan Sverdrup: BP bought from Equinor for Feb. 28-March 2 at $1.40 on an FOB Mongstad basis.
- Forties: Equinor offered Feb. 24-26 FOB basis at dated Brent plus 0 cents, down from Monday's offer of Feb. 24-26 FOB Mongstad at dated Brent plus 35 cents.
- ExxonMobil withdrew an offer for WTI Midland for Feb. 21-25 at 60 cents plus dated Brent on a CIF Rotterdam basis.
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