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OIL: North Sea Crude-WTI Midland drops while Forties rises: RTRS

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North Sea Crude-WTI Midland drops while Forties rises: RTRS

  • WTI Midland declined from two deals and Forties was bid higher.
  • In the Platts window, there were four deals on Wednesday.
  • WTI Midland: Trafigura bought from Vitol for March 29-April 2 at dated Brent plus $1.80 on a CIF Rotterdam basis or dated Brent plus 90 cents for a FOB basis, according to Reuters calculations. Total bought from BP for March 20-24 at dated Brent plus $1.70 on a CIF Rotterdam basis, or dated Brent plus 80 cents on a FOB basis.
  • The average of these two deals was dated Brent plus 85 cents on a FOB basis. This was lower than the value on Tuesday, which was dated Brent plus 93 cents FOB.
  • Johan Sverdrup: BP bought from Equinor for March 26-28 at dated Brent plus $1.45 on a FOB Mongstad basis. BP also bought a second cargo from Equinor for March 30-April 1 at dated Brent plus $1.65 on a FOB Mongstad basis.
  • Forties: Trafigura bid for March 23-30 at dated Brent plus $1.05 on a FOB basis, a rise from a bid on Tuesday by Trafigura at dated Brent plus 90 cents.
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North Sea Crude-WTI Midland drops while Forties rises: RTRS

  • WTI Midland declined from two deals and Forties was bid higher.
  • In the Platts window, there were four deals on Wednesday.
  • WTI Midland: Trafigura bought from Vitol for March 29-April 2 at dated Brent plus $1.80 on a CIF Rotterdam basis or dated Brent plus 90 cents for a FOB basis, according to Reuters calculations. Total bought from BP for March 20-24 at dated Brent plus $1.70 on a CIF Rotterdam basis, or dated Brent plus 80 cents on a FOB basis.
  • The average of these two deals was dated Brent plus 85 cents on a FOB basis. This was lower than the value on Tuesday, which was dated Brent plus 93 cents FOB.
  • Johan Sverdrup: BP bought from Equinor for March 26-28 at dated Brent plus $1.45 on a FOB Mongstad basis. BP also bought a second cargo from Equinor for March 30-April 1 at dated Brent plus $1.65 on a FOB Mongstad basis.
  • Forties: Trafigura bid for March 23-30 at dated Brent plus $1.05 on a FOB basis, a rise from a bid on Tuesday by Trafigura at dated Brent plus 90 cents.