North Sea Crude: Ekofisk and Forties Lose Ground

Monday, 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)

Categories: Europe Oil Production

Related Stories

Harbour Energy Targets Output Increase in 2025

Sumitomo, Van Oord Land Shetland 2 HVDC Link Job

Serica Energy Set for 2025 Production Increase

Current News

Halliburton Bags Major Drilling Contract with Petrobras Off Brazil

First Coastal Virginia Offshore Wind Substation Checks In at US Port

Navantia Wraps Up Harland & Wolff Acquisition

Aurora Offshore Welcomes First of Three Sea1 High-End Subsea Vessels

Subscribe for OE Digital E‑News