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North Sea Medium Grades Offered at Strong Premium to Dated

OIL

North Sea medium grades – including Gullfaks, Ekofisk, Grane, Troll, Alvheim are being offered at strong premiums to Dated according to traders speaking to Bloomberg.

  • Ekofisk for November loading was offered at premium of $5-$6 to Dated, Gullfaks at about +$7, Alvheim at ~+$10, Troll +$6 to +$7.
  • Diesel rich crudes are achieving a premium because of less Russian and Saudi volumes o the market until the end of the year at present, a measure confirmed yesterday by each nation ahead of the JMMC meeting.

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