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OIL: US WTI Midland crude differentials slipped, no deals on North Sea crude

OIL
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US WTI Midland crude differentials slipped on Friday while there were no deals on North Sea crude: Reuters

  • Indications are on a free-on-board (FOB) basis unless marked as cost, insurance and freight (CIF) or delivered at place (DAP).
  • There were two deals on Friday.
  • WTI Midland: Gunvor sold to Mercuria Feb. 18-22 CIF Rotterdam at dated Brent plus $1.40.
  • WTI Midland: Exxon sold to Mercuria Feb. 27-March 3 CIF Rotterdam at dated Brent plus $1.49.
  • The average of dated Brent plus $1.45 is equal to about dated plus 57 cents FOB, according to Reuters calculations.
  • North Sea grades: no window deals 
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US WTI Midland crude differentials slipped on Friday while there were no deals on North Sea crude: Reuters

  • Indications are on a free-on-board (FOB) basis unless marked as cost, insurance and freight (CIF) or delivered at place (DAP).
  • There were two deals on Friday.
  • WTI Midland: Gunvor sold to Mercuria Feb. 18-22 CIF Rotterdam at dated Brent plus $1.40.
  • WTI Midland: Exxon sold to Mercuria Feb. 27-March 3 CIF Rotterdam at dated Brent plus $1.49.
  • The average of dated Brent plus $1.45 is equal to about dated plus 57 cents FOB, according to Reuters calculations.
  • North Sea grades: no window deals