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North Sea Crude-WTI Midland falls, Forties rises

ReutersFeb 17, 2025 5:45 PM

- U.S. WTI Midland crude differentials weakened on Monday while North Sea Forties was bid higher.

PLATTS WINDOW

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

Three cargoes traded.

WTI Midland: Petroineos bought from Exxon March 1-5 CIF Rotterdam at dated Brent plus 95 cents.

WTI Midland: There were two other deals, one at dated plus 95 cents with Glencore buying from Gunvor and the other at dated plus 85 cents with Total buying from Gunvor.

The average of dated Brent plus 92 cents is equal to dated Brent plus 2 cents on a FOB basis according to Reuters calculations, down from Friday.

Forties: Glencore bid for March 13-19 at dated plus 25 cents, up from Friday's assessment.

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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