North Sea Crude-WTI weakens on lower offer
XLE•WTI Midland weakens in Platts window
LONDON, Aug. 25 (Reuters) - U.S. WTI Midland crude weakened in the Platts window on Tuesday after a lower offer.
Platts window
Indications are free on board (FOB) unless marked as cost, insurance and freight (CIF) or delivered at place.
- No cargoes traded, a market source said.
- WTI Midland: Chevron offered a September 11-15 cargo at dated Brent plus $1.10 CIF Rotterdam, down from an offer at dated Brent plus $1.30 on Monday.
- The offer equated to dated Brent minus 52 cents FOB, Reuters calculations show.
- WTI Midland: Unipec offered a September 8-12 cargo at dated Brent plus $1.75 CIF Rotterdam while Shell offered a September 11-15 cargo at dated Brent plus $1.50 CIF Rotterdam.
- Johan Sverdrup: CNOOC offered a September 20-24 cargo at dated Brent plus $1.20 CIF Rotterdam.
