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North Sea Crude-Forties and WTI Midland firm

ReutersSep 29, 2025 5:28 PM

- North Sea Forties crude differentials rose on Monday, as did U.S. WTI Midland, as both grades traded in the Platts window.

NOVEMBER BFOET LOADINGS

* Supply of the five North Sea crude oil grades underpinning the dated Brent benchmark will average about 583,000 barrels per day in November, compared to 542,000 bpd in October, loading programmes showed. O/LOAD

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: Vitol bought an October 16-18 cargo from Petroineos at dated Brent plus $1.20.

* On Friday, Unipec had bid for October 6-15 at dated Brent plus $1.05.

* WTI Midland: Vitol bought an October 21-25 cargo from Gunvor at dated Brent plus $2.10 CIF Rotterdam.

* The deal equated to dated plus $1.04 on a FOB basis, Reuters calculations showed.

* On Friday, BP bid for October 22-31 on a CIF Rotterdam basis at dated Brent plus $1.70.

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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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