North Sea Crude-Forties trades at a discount
XLE•Platts window trades
LONDON, Aug 26 (Reuters) - North Sea Forties traded at a discount to dated Brent in the Platts window, while U.S. WTI Midland crude also traded.
Indications are free on board (FOB) unless marked as cost, insurance and freight (CIF) or delivered at place.
- There were two trades on Wednesday, a market source said.
- WTI Midland: Trafigura bought a September 11-15 cargo from Shell at dated Brent plus $1.10 CIF Rotterdam, on board the vessel Eagle Halifax.
- The deal level equated to dated minus 55 cents on a FOB basis, according to Reuters calculations.
- On Tuesday Chevron offered a September 11-15 cargo at dated Brent plus $1.10 CIF Rotterdam.
- Forties: Unipec bought a September 15-17 cargo from ENI at dated Brent minus 5 cents.
- Johan Sverdrup: CNOOC withdrew an offer for a September 20-24 cargo at dated Brent plus $2.00 CIF Rotterdam.
