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OIL: North Sea Crude-WTI Midland falls while Forties and Johan Sverdrup gain

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North Sea Crude-WTI Midland falls while Forties and Johan Sverdrup gain: Reuters

  • WTI Midland prices fell in the Platts window after two trades while Forties and Johan Sverdrup were bid higher.
  • There were two deals on Tuesday.
  • WTI Midland: Shell bought from BP at dated Brent plus 90 cents for March 3-7 CIF Rotterdam, equivalent to dated Brent plus 2 cents FOB, Reuters calculations show.
  • WTI Midland: Unipec bought from Gunvor at dated Brent plus 65 cents for February 25 to March 1 CIF Rotterdam, equivalent to dated Brent minus 23 cents FOB.
  • The WTI Midland average was dated Brent plus 76 cents on a CIF Rotterdam basis and dated Brent minus 11 cents FOB, down from dated Brent plus 10 cents FOB on Monday.
  • WTI Midland: Glencore bid for a cargo of WTI Midland for March 11-15 at dated Brent plus $1.15 CIF Rotterdam while Mercuria offered dated Brent plus $1 for February 28 to March 4 CIF Rotterdam. Gunvor withdrew an offer for WTI Midland at dated Brent plus 90 cents CIF Rotterdam.
  • Forties: Unipec bid dated Brent plus 20 cents for February 27 to March 12 on an FOB Hound Point basis, up from a February 5 trade in whuch Unipec bought a February 24-26 cargo from Equinor at dated brent minus 30 cents.
  • Johan Sverdrup: Total bid dated Brent plus $1.65 FOB Mongstad, up from January 22, when Total bid at 75 cents plus dated Brent for February 8-12 FOB Mongstad.
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North Sea Crude-WTI Midland falls while Forties and Johan Sverdrup gain: Reuters

  • WTI Midland prices fell in the Platts window after two trades while Forties and Johan Sverdrup were bid higher.
  • There were two deals on Tuesday.
  • WTI Midland: Shell bought from BP at dated Brent plus 90 cents for March 3-7 CIF Rotterdam, equivalent to dated Brent plus 2 cents FOB, Reuters calculations show.
  • WTI Midland: Unipec bought from Gunvor at dated Brent plus 65 cents for February 25 to March 1 CIF Rotterdam, equivalent to dated Brent minus 23 cents FOB.
  • The WTI Midland average was dated Brent plus 76 cents on a CIF Rotterdam basis and dated Brent minus 11 cents FOB, down from dated Brent plus 10 cents FOB on Monday.
  • WTI Midland: Glencore bid for a cargo of WTI Midland for March 11-15 at dated Brent plus $1.15 CIF Rotterdam while Mercuria offered dated Brent plus $1 for February 28 to March 4 CIF Rotterdam. Gunvor withdrew an offer for WTI Midland at dated Brent plus 90 cents CIF Rotterdam.
  • Forties: Unipec bid dated Brent plus 20 cents for February 27 to March 12 on an FOB Hound Point basis, up from a February 5 trade in whuch Unipec bought a February 24-26 cargo from Equinor at dated brent minus 30 cents.
  • Johan Sverdrup: Total bid dated Brent plus $1.65 FOB Mongstad, up from January 22, when Total bid at 75 cents plus dated Brent for February 8-12 FOB Mongstad.