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North Sea Crude-WTI weakens after three deals

ReutersNov 10, 2025 6:29 PM

- U.S. WTI Midland crude differentials weakened on Monday after three deals in the Platts window.

PLATTS WINDOW

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

WTI Midland: Petroineos bought from Mercuria November 28-December 2 at dated Brent plus 40 cents CIF Rotterdam.

WTI Midland: Vitol sold to BP at dated Brent plus 90 cents CIF Rotterdam for December 9-13.

The two deals are equal to about dated Brent minus 60 cents FOB, according to Reuters calculations.

WTI Midland: Total bought from Vitol November 22-26 at January cash BFOE minus 25 cents. This is roughly equal to dated minus 15 cents CIF Rotterdam and dated minus $1.40 when converting to FOB, according to Reuters calculations.

Ekofisk: Vitol offered November 22-26 at cash BFOE January plus $1.65, or about dated plus $1.56, according to Reuters calculations.

Forties: Vitol offered November 25-27 cash BFOE January minus 10 cents, about parity with dated Brent, according to Reuters calculations.

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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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