North Sea Crude: Forties Unchanged as Mercuria Offers Cargoes

Wednesday, January 4, 2023

North Sea Forties crude oil differentials were unchanged on Wednesday as Mercuria offered cargoes while BP withdrew one, all above Forties' current assessed value.

Platts window
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)

Categories: Europe Oil

Related Stories

Oil Flows to Lag Even if Hormuz Strait Reopens

LDA’s Unit Buys DP2 Multi-Purpose Vessel to Expand Subsea Services

North Star Bolsters Leadership Team to Support Offshore Wind Growth

Current News

Dajin Expands Offshore Wind Logistics Fleet with KING TWO Launch

TGS Extends Multi-Year OBN Engagement in Gulf of America

OKEA Sells 20% Stake in Norwegian Sea License to Japex for $30M

Odfjell Drilling Suspends Rig Ops Following Equipment Incident

Subscribe for OE Digital E‑News