North Sea Crude-Forties loadings to drop in Feb; no deals

Reuters12-24 22:24

LONDON, Dec 24 (Reuters) - North Sea Forties crude loadings will drop in February, a trade source said on Tuesday, while crude differentials were steady after a lack of Platts window deals.

FEBRUARY PROGRAMMES

* The Forties loading programme lists seven cargoes amounting to 175,000 barrels per day, a trade source said, down from 181,000 bpd planned in January.

* Programmes for the other four North Sea grades that are part of the dated Brent benchmark are due on Friday, the source said.

PLATTS WINDOW

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

* The window was early at 1200-1230 GMT due to the Christmas break.

* No deals, a trade source said.

* Forties: Valued at dated Brent minus 41 cents on an FOB basis after Monday's deal.

* WTI Midland: Valued at dated Brent plus 7 cents on a FOB basis after Monday's deal.

(Reporting by Alex Lawler; Editing by Jan Harvey)

((alex.lawler@thomsonreuters.com; Twitter/X: @AlexLawler100))

(( NORTH SEA CRUDE OIL DIFFERENTIALS AND OUTRIGHT PRICES:

Dated BFO

Brent

Forties

Oseberg

Ekofisk

Monthly North Sea crude loading programmes

OPEC North Sea

crude oil oil products

derivatives European products

energy speed guide crude speed guide))

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