North Sea Crude-WTI Midland diffs in Europe tick up, Johan Sverdrup slumps

By Reuters News

- US WTI Midland crude oil differentials ticked up in Europe on Thursday on two bids from Vitol, while BP offered a Johan Sverdrup cargo at a markedly lower price than earlier in the week.

PLATTS WINDOW

Indications are free on board unless marked as cost, insurance and freight or delivered at place.

  • No deals were done.

  • WTI Midland: Vitol bids for Oct 28-Nov 1 at dated Brent plus $18.10 CIF Rotterdam and for Oct 18-22 at plus $19.40 CIF Rotterdam.

  • On average, this equates to plus $18.75 CIF or $15.53 FOB, according to Reuters calculations.

  • In the previous session three cargoes of WTI Midland changed hands for an average of plus $17.65 CIF or $14.45 FOB.

  • Johan Sverdrup: BP offers for Oct 20-22 at dated Brent plus $14.40. On Monday, BP offered an October 18-20 cargo at dated Brent plus $23.30 FOB Mongstad.

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