North Sea Crude-WTI Midland falls on two deals

Reuters01:40
North Sea Crude-WTI Midland falls on two deals

LONDON, Dec 5 (Reuters) - WTI Midland differentials narrowed on Friday after two deals, while North Sea differentials were steady.

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 Friday.

* WTI Midland: TotalEnergies bought from Vitol a December 29-January 2 at dated Brent plus $1.65 on a CIF Rotterdam basis, or dated Brent plus 37 cents on an FOB basis, according to Reuters calculations. BP sold to TotalEnergies a December 26-30 at dated Brent plus $1.50 on a CIF Rotterdam basis, or dated Brent plus 22 cents on an FOB basis, according to Reuters calculations. The midpoint of Friday's deals at dated Brent plus $1.58 CIF Rotterdam, or dated Brent plus 30 cents on an FOB basis, was lower than Thursday's traded level of $1.70 CIF Rotterdam.

* WTI Midland: On Thursday, TotalEnergies bought from Phillips 66 a December 24-28 at dated Brent plus $1.70 on a CIF Rotterdam basis, or dated Brent plus 42 cents on an FOB basis, according to Reuters calculations.

* Ekofisk: Trafigura bid for two cargoes, including one for December 21-23 and another one for December 25-27. Both bids were at dated Brent plus $1.40 FOB Teeside.

(Reporting by Enes Tunagur; Editing by Shailesh Kuber)

((Enes.Tunagur@thomsonreuters.com;))

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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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