North Sea Crude-WTI Midland edge up on higher bid
LONDON, Aug 1 (Reuters) -U.S. WTI Midland crude differentials edged up again on Thursday after a higher bid compared to sales in the previous session emerged.
PLATTS WINDOW
* Indications are on a free-on-board (FOB) basis unless marked as cost, insurance and freight (CIF) or delivered at place (DAP).
* WTI Midland: BP offered Aug. 30-Sept. 3 at dated Brent plus $2.40 CIF Rotterdam.
* WTI Midland: Trafigura offered Aug. 27-Sept. 1 at dated Brent plus $2.20 CIF Rotterdam.
* WTI Midland: TotalEnergies offered Aug. 27-31 at dated Brent plus $2.40 CIF Rotterdam.
* WTI Midland: Equinor bid Aug. 22-26 at dated Brent plus $2.10 CIF Rotterdam, or $1.19 on a FOB basis.
* The average of two deals in the previous session stood at dated Brent plus $2.00 and was equal to dated Brent plus $1.09 on an FOB basis, according to Reuters calculations.
* WTI Midland remains the cheapest grade underpinning the dated Brent benchmark and continues to set its value.
Reporting by Noah Browning; Editing by Susan Fenton
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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