North Sea Crude-Brent, Forties, Ekofisk rise on strong demand
LONDON, Nov 18 (Reuters) -North Sea Brent, Forties and Ekofisk crude differentials rose on Monday after keen buying interest in the Platts window from Trafigura.
PLATTS WINDOW
* Indications are free on board (FOB) unless marked as cost, insurance and freight (CIF) or delivered at place (DAP).
* No deals, a trade source said.
* WTI Midland: Unipec offered a cargo with Dec. 10-14 dates at dated Brent plus $2.40 CIF Rotterdam.
* The offer equated to around dated plus $1.47 on a FOB basis, Reuters calculations showed.
* On Friday, Total bid for WTI Midland Dec. 11-19 at dated Brent plus $2.05 CIF Rotterdam.
* Forties: Trafigura bid for a Dec. 5-7 cargo at dated Brent plus $1.25.
* In the previous session, Total bid for Forties Dec. 9-14 at dated Brent plus $1.05.
* Brent: Trafigura bid for a Dec. 7-9 cargo at dated Brent plus $1.25.
* On Friday, BP sold Brent to TotalEnergies Dec. 7-9 at dated Brent plus $1.05.
* Ekofisk: Trafigura bid for two cargoes, with Dec. 1-3 and Dec. 10-12, both at dated plus $1.65.
* Ekofisk was last in the window on Tuesday, when Petroineos bid for a Nov. 25-27 cargo at dated plus $1.25.
Reporting by Robert Harvey; editing by David Evans
NORTH SEA CRUDE OIL DIFFERENTIALS AND OUTRIGHT PRICES: 0#BFO-DIF 0#C-E Dated BFO BFO- Brent BFO-BRT BFO-E Forties BFO-FOT FOT-E Oseberg BFO-OSE OSE-E Ekofisk BFO-EKO EKO-E Monthly North Sea crude loading programmes O/LOAD OPEC OPEC NSEA North Sea CRU crude oil PROD oil products DRV derivatives PRO/E European products OILOIL NYMOIL, IPEOIL, OILSPD, OILARB CRDWLDPRODEUR, PRODUS, APROD ENERGY energy speed guide CRUDE/1 crude speed guide
Latest News
Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.
All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.
Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.