North Sea Crude-WTI Midland firms, Ekofisk weakens

reuters11-12
North Sea Crude-WTI Midland firms, Ekofisk weakens

LONDON, Nov 11 (Reuters) - U.S. WTI Midland crude values firmed on Monday after a trade in the Platts window, while a North Sea Ekofisk cargo changed hands below where the grade was most recently offered.

PLATTS WINDOW

* Indications are free on board (FOB) unless marked as cost, insurance and freight $(CIF)$ or delivered at place (DAP).

* WTI Midland: Petroineos bought a Nov. 27 - Dec. 1 cargo from Phillips 66 at dated Brent plus $1.45 CIF Rotterdam.

* Monday's deal equated to around dated plus 51 cents on a FOB basis, Reuters calculations showed.

* On Friday, Petroineos bought Nov. 28 - Dec. 2 from Gunvor at dated Brent plus $1.30 CIF Rotterdam.

* Ekofisk: Glencore bought a Nov. 25-27 cargo from Eni at dated Brent plus 90 cents FOB.

* In Friday's window, Eni offered the same dates at dated Brent plus $1.10.

* Brent: Mitsui offered a cargo with Dec. 1-6 dates at dated Brent plus $1.95 CIF Rotterdam.

* The offer equated to around dated plus 45 cents on a FOB basis, Reuters calculations showed.

* The offer was therefore above where BP had offered a cargo in Friday's window, for Nov. 7-9 at dated Brent plus 40 cents.

(Reporting by Robert Harvey; editing by David Evans)

((Robert.Harvey@thomsonreuters.com; +447552256587;))

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
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment