North Sea Forties crude oil differentials were unchanged on Wednesday as Mercuria offered cargoes while BP withdrew one, all above Forties' current assessed value.
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Indications are on a free-on-board (FOB) basis unless marked as cost, insurance and freight (CIF) or delivered at place (DAP).
Forties: Mercuria offered two cargoes CIF Rotterdam for Jan. 28-22 and Jan. 25-29 at dated Brent plus $1.55, roughly equivalent to minus 39 cents on an FOB basis, according to Reuters calculations.
Forties: BP withdrew an offer for a cargo at dated Brent minus 60 cents, loading Jan. 22-24.
(Reuters - Reporting by Rowena Edwards; Editing by David Goodman)