North Sea Crude-Vitol buys WTI Midland
XLE•Chevron bids in other grades
- Brent/Ninian: Chevron bid for October 6-10 at dated Brent plus $5.80 CIF Rotterdam, which equated to around dated plus $3.06 FOB, according to Reuters calculations.
- Forties: Chevron bid for October 7-9 at dated plus $3.50. Exxon bid for September 26-October 9 at dated plus $1.75.
- Oseberg: Chevron bid for October 4-6 at dated Brent plus $6.10.
- Ekofisk: Chevron bid for October 5-7 at dated Brent plus $5.10.
- Johan Sverdrup: Equinor bid for a September 30-October 2 cargo at dated Brent plus $1.20.
WTI Midland trade lifts differentials
LONDON, Sept. 7 - U.S. WTI Midland crude differentials jumped on Monday after a trade in the Platts window, while Chevron bid for Brent, Forties, Oseberg and Ekofisk.
Indications are free on board unless marked as cost, insurance and freight or delivered at place.
- WTI Midland: Vitol bought a September 26-30 cargo from BP at dated Brent plus $4.95 CIF Rotterdam.
- The deal level equated to around dated plus $3.30 FOB, Reuters calculations showed.
- WTI last traded on September 2, when Exxon bought September 14-18 from Trafigura at dated Brent plus $1.55 CIF Rotterdam, equivalent to about dated Brent minus 18 cents FOB.
