North Sea Crude-WTI Midland slips, Mecuria bids for Ekofisk, others
LONDON, Aug 20 (Reuters) -U.S. WTI Midland crude differentials slipped on Tuesday after a deal while Mercuria bid for several North Sea grades.
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: Total bought from Trafigura CIF Rotterdam Sept. 16-20 at dated Brent plus $3.00, equal to dated Brent plus $2.06 on an FOB basis according to Reuters calculations.
* Ekofisk: Mercuria bid for Sept. 19-21 at dated Brent plus $3.35, equal to dated Brent plus $2.05 after applying the Platts quality premium.
* Oseberg: Mercuria bid for Sept. 1-13 at dated Brent plus $3.50, equal to dated Brent plus $2.07 after applying the Platts quality premium.
* Brent: Mercuria bid Sept. 12-14 at dated Brent plus $2.20.
* Forties: Mercuria bid for Sept. 12-14 at dated Brent plus $2.20, lower than a bid on Monday.
* As a result, WTI is narrowly the cheapest grade underpinning the dated Brent benchmark and, therefore, sets its value.
Reporting by Alex Lawler; editing by Jason Neely and Tasim Zahid
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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