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Pin to quick picksPetrofac Share News (PFC)

Share Price Information for Petrofac (PFC)

London Stock Exchange
Share Price is delayed by 15 minutes
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Share Price: 14.15
Bid: 13.17
Ask: 13.74
Change: 1.12 (8.60%)
Spread: 0.57 (4.328%)
Open: 13.00
High: 15.40
Low: 12.25
Prev. Close: 13.03
PFC Live PriceLast checked at -

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North Sea Crude-Cheaper Litasco Forties cargo outweighs higher Glencore, Vitol bids

Fri, 19th Nov 2021 18:02

LONDON, Nov 19 (Reuters) - Differentials for the North Sea
Forties crude oil stream dipped on Friday after Litasco offered
a cheaper cargo, outweighing higher bids from Glencore and
Vitol.

* The Unite Union this week announced a possible strike from
December to February impacting offshore fields operated by
TotalEnergies, which feed into the Forties pipeline system and
Teeside and Sullom Voe terminals.

* According to data from the Oil and Gas Authority on the
potentially affected fields, Culzean produces around 98,000
barrels of oil equivalent per day of which 14,000 bpd are oil;
Elgin around 51,000 boe/d, half of which is oil; Franklin around
81,000 boe/d of which 32,000 bpd are oil.

PLATTS WINDOW

Indications are on a free-on-board (FOB) basis unless marked
as cargo, insurance and freight (CIF).

* No deals.

OUTSTANDING BIDS AND OFFERS

* Forties: Glencore bids at dated Brent plus $1.20 loading
Nov. 30-Dec. 2.

* Forties: Vitol bids at dated Brent plus $1.30 loading Dec.
2-4.

* Brent: Vitol bids for two cargoes at dated Brent plus
$1.45 loading Dec. 2-4 and Dec. 8-10.

* Forties: Glencore bids at dated Brent plus $1.45 loading
Dec. 9-13.

* Forties: Litasco offers cif Rotterdam at dated Brent plus
$1.20 loading Dec. 1-5. On a fob basis, according to Reuters
calculations, this equates to plus 42 cents.
(Reporting by Shadia Nasralla;Editing by Elaine Hardcastle)

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