Forties, Brent and WTI Midland all rise

Reuters01:55

LONDON, Jan 8 (Reuters) - North Sea Forties, Brent and WTI Midland traded higher in the Platts window on Wednesday.

PLATTS WINDOW

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

* There were two deals on Wednesday.

* Forties: Gunvor bought from BP at $1.40 plus dated Brent on a CIF Rotterdam basis, equivalent to $0.42 on an FOB basis, for Jan 20-24.

*WTI Midland: Petroineos bought from Glencore at $1.50 plus dated Brent on a CIF Rotterdam basis, equivalent to $0.59 on an FOB basis for Jan 20-25.

* Forties: Petroineos bid $0.80 plus dated Brent for Forties for Jan 18-25 and Jan 25-Feb 1, boosting the average to $0.61.

* WTI Midland: Petroineos bid $1.80 plus dated Brent on a CIF Rotterdam basis, equivalent to $0.89 on an FOB basis, boosting the average to $0.72.

* Brent Ninian: Trafigura bid $0.75 plus dated Brent for Jan 29-31.

(Reporting by Alex Lawler; Editing by Emelia Sithole-Matarise)

((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))

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