North Sea Crude: Ekofisk and Forties Lose Ground

Published

(File photo: ConocoPhillips Norway)
(File photo: ConocoPhillips Norway)

North Sea Ekofisk and Forties crude differentials lost ground in the week's opening session on keen selling interest in the Platts window.

PLATTS WINDOW

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

* No deals, a trade source said.

* Ekofisk: BP offered a cargo with Oct. 31 - Nov. 4 dates at dated Brent plus $1.80 CIF Rotterdam.

* The offer equated to around dated plus $1.02 on a FOB basis, Reuters calculations suggested.

* On Friday, BP had offered an Ekofisk cargo with Nov. 1-3 dates at dated Brent plus $1.95 FOB.

* Ekofisk: There were two other offers on Monday. Glencore offered Nov. 10-12 at dated plus $1.80 FOB, and TotalEnergies offered Nov. 3-5 at dated plus $1.25 FOB.

* Forties: Glencore offered a cargo loading Nov. 13-15 at dated Brent plus 75 cents.

* Forties was last in the window on Thursday, when Gunvor bid Nov. 4-6 at dated Brent plus $1.10.

* Other North Sea grades: No indications


(Reuters - Reporting by Robert Harvey; Editing by Tasim Zahid)

Current News

Shell Greenlights Waterflood Project to Bolster Production in Gulf of America

Shell Greenlights Waterflood P

ESVAGT Acquires Two SOVs from Edda Wind

ESVAGT Acquires Two SOVs from

Dräger to Supply Gas Detection, Monitoring Tech to North Sea Operator

Dräger to Supply Gas Detection

NKT Expands Swedish Cable Accessories Plant Amid Rising Demand

NKT Expands Swedish Cable Acce

Subscribe for OE Digital E‑News

 
Offshore Engineer Magazine