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North Sea Crude-Differentials stable at week's end

ReutersFeb 14, 2025 6:39 PM

- North Sea Forties and U.S. WTI Midland crude differentials were unchanged on Friday, as offer levels for both grades came in above recent trades.

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 no trades on Friday.

Forties: Chevron bid for a March 8-14 cargo at dated Brent minus 40 cents.

Forties: TotalEnergies offered a March 6-8 cargo at dated Brent plus 65 cents.

Forties: Unipec withdrew an offer for February 24-26 at dated Brent minus 15 cents.

On Wednesday, Glencore bought a cargo from Equinor at dated Brent minus 20 cents.

WTI Midland: Mercuria withdrew an offer for March 2-6 at dated plus $1.15 CIF Rotterdam.

On Thursday, Cepsa bought WTI Midland with March 6-10 dates from Gunvor at dated Brent plus $1.20 CIF Rotterdam.

Also on Thursday, Chevron bought a WTI Midland cargo with February 28-March 4 dates at dated Brent plus 85 cents CIF Rotterdam.

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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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