US Cash Crude-Mars eased as Johan Sverdrup output resumes
Nov 19 (Reuters) -Mars Sour crude prices eased on Tuesday, dealers said, as Equinor EQNR.OL resumed production at the Johan Sverdrup oilfield in the North Sea, reaching two-thirds of capacity by mid-morning.
Output was halted on Monday at western Europe's largest oilfield due to an onshore power outage that disrupted electricity supply to the platforms, boosting global oil prices.
Meanwhile, supply issues persisted in Kazakhstan's largest oilfield, Tengiz, where production has reduced by 28% to 30% due to repairs, which the country's energy ministry has said will be completed by Saturday.
The Brent/WTI spread WTCLc1-LCOc1 also narrowed to trade as high as minus $4.01.
In refining news, BP BP.L has delayed the restart of a crude distillation unit and a coker at its 435,000 barrel-per-day Whiting, Indiana, refinery from maintenance, boosting fuel prices in the Chicago market, industry sources said.
* Light Louisiana Sweet WTC-LLS for December delivery was unchanged at a midpoint of a $1.88 premium and was seen bid and offered between a $1.75 and $2.00 a barrel premium to U.S. crude futures CLc1
* Mars Sour WTC-MRS eased 5 cents to a midpoint of a 30-cent discount and was seen bid and offered between a 50-cent and 10-cent a barrel discount to U.S. crude futures CLc1
* WTI Midland WTC-WTM was unchanged at a midpoint of a $1.1 premium and was seen bid and offered between a 90-cent and $1.30 a barrel premium to U.S. crude futures CLc1
* West Texas Sour WTC-WTS eased to a midpoint of a $1.25 discount and was seen bid and offered between a $1.50 and $1.00 a barrel discount to U.S. crude futures CLc1
* WTI at East Houston WTC-MEH, also known as MEH, traded between a $1.40 and $1.80 a barrel premium to U.S. crude futures CLc1
* ICE Brent January futures LCOc1 rose 1 cent to settle at $73.31 a barrel on Tuesday.
* WTI December crude CLc1 futures rose 23 cents to settle at $69.39 a barrel on Tuesday.
* The Brent/WTI spread WTCLc1-LCOc1 narrowed 11 cents to last trade at minus $4.02, after hitting a high of minus $4.01 and a low of minus $4.20.
Reporting by Arathy Somasekhar in Houston; Editing by Marguerita Choy and Stephen Coates
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