North Sea Crude: Ekofisk and Forties Lose Ground
October 14, 2024
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)
