North Sea Crude-WTI trades higher

Reuters01-24 01:20

North Sea Crude-WTI trades higher

LONDON, Jan 23 (Reuters) - U.S. WTI Midland crude differentials rose on Friday after a higher trade and a bid, while Forties and Ekofisk were also on offer.

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 was a single deal, a trade source said.

WTI Midland: Repsol sold to Gunvor for February 9-13 at dated Brent plus $2.95 a barrel CIF Rotterdam. That trade equalled dated Brent plus $1.44 on a FOB basis, according to Reuters calculations. Gunvor bid for February 4-19 at dated Brent plus $3.50 a barrel CIF Rotterdam. The traded level and the bid were both higher than an offer on Thursday, as BP offered a cargo at dated Brent plus $2.30 a barrel CIF Rotterdam.
Forties: Equinor offered for February 20-22 at dated Brent plus $2.20 a barrel FOB Hound Point.
Ekofisk: Shell offered for February 16-18 at dated Brent plus $2.85 a barrel FOB Teesside.
Johan Sverdrup: CNOOC offered for February 16-18 at dated Brent minus $1.40 a barrel FOB Mongstad. On Thursday, BP sold to Vitol, February 8-10, at dated Brent plus 60 cents. Sverdrup is not one of the crudes that can set the dated Brent price.

(Reporting by Enes Tunagur; Editing by Kirsten Donovan)

((enes.tunagur@thomsonreuters.com))

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That trade equalled dated Brent plus $1.44 on a FOB basis, according to Reuters calculations. Gunvor bid for February 4-19 at dated Brent plus $3.50 a barrel CIF Rotterdam. The traded level and the bid were both higher than an offer on Thursday, as BP offered a cargo at dated Brent plus $2.30 a barrel CIF Rotterdam.</p></li><li><p>Forties: Equinor offered for February 20-22 at dated Brent plus $2.20 a barrel FOB Hound Point.</p></li><li><p>Ekofisk: Shell offered for February 16-18 at dated Brent plus $2.85 a barrel FOB Teesside.</p></li><li><p>Johan Sverdrup: CNOOC offered for February 16-18 at dated Brent minus $1.40 a barrel FOB Mongstad. On Thursday, BP sold to Vitol, February 8-10, at dated Brent plus 60 cents. 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