North Sea Crude-Strong buying interest buoys North Sea grades
LONDON, Dec 4 (Reuters) -North Sea Ekofisk and Johan Sverdrup traded in the Platts window on Wednesday, while Brent, Forties and Oseberg were all bid higher on keen buying interest from Trafigura and TotalEnergies.
PLATTS WINDOW
* Indications are free on board (FOB) unless marked as cost, insurance and freight (CIF) or delivered at place (DAP).
* Ekofisk: TotalEnergies bought a cargo from Equinor with Dec. 18-20 dates at dated Brent plus $1.60 FOB.
* In the previous session, Equinor withdrew an offer for a Dec. 21-25 cargo at dated plus $2.70 CIF Rotterdam, or approximately dated plus $1.91 FOB according to Reuters calculations.
* WTI Midland: There were three bids and three offers in the window.
* The best bid was from Trafigura, for Dec. 16-23 dates, at dated plus $2.00 CIF Rotterdam. The best offer was from Phillips 66, which offered Dec. 27-31 dates at dated plus $2.05 CIF Rotterdam.
* On Tuesday, three WTI Midland cargoes had traded, with TotalEnergies and Mercuria buying late-December cargoes from Gunvor and Equinor in a range of dated plus $1.90-1.95 CIF Rotterdam.
* Brent: Trafigura bid for Dec. 16-25 at dated Brent plus $3.40 CIF Rotterdam, which equated to around dated plus $1.90 on a FOB basis according to Reuters calculations.
* On Tuesday, Mercuria had bid Dec. 26-28 at dated Brent plus $1.05 FOB.
* Forties: Trafigura bid for Dec. 17 - Jan. 1 at dated Brent plus $1.40 FOB.
* On Tuesday, Mercuria bid at dated Brent plus 95 cents for Dec. 28-31.
* Oseberg: Trafigura bid for Dec. 16-20 at dated Brent plus $3.40 CIF Rotterdam, which equated to around dated plus $2.51 FOB according to Reuters calculations.
* In the previous session, Equinor withdrew an offer for Dec. 20-24 at dated plus $3.35 CIF.
* Johan Sverdrup: Equinor sold a Dec. 28-30 cargo to TotalEnergies at dated Brent minus $2.25 FOB.
Reporting by Robert Harvey; Editing by Krishna Chandra Eluri
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
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