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North Sea Crude-Brent diffs fall, Equinor bids for Gullfaks

Wed, 27th Oct 2021 18:26

LONDON, Oct 27 (Reuters) - North Sea Brent crude
differentials fell to a three-week low on Wednesday on the back
of Gunvor selling a cheaper cargo to Mercuria, while the trading
window also saw an extremely rare appearance of the Norwegian
Gullfaks grade.

* Royal Dutch Shell's subsidiary in Nigeria SPDC
declared force majeure on Bonny Light crude oil loadings as of
Monday, after the shutdown of a key pipeline, a spokesperson
said on Wednesday.

PLATTS WINDOW

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

* Brent: Gunvor sold to Mercuria at dated Brent plus 5 cents
loading Nov. 18-20.

OUTSTANDING BIDS AND OFFERS

* Gullfaks: Equinor bids cif Rotterdam at dated Brent plus
$1.85 loading Nov. 24-28.

* Forties: Total offered cif Rotterdam at dated Brent plus
50 cents loading Nov. 8-12. On a fob basis, according to
Reuters calculations this equates to minus 33 cents.

WITHDRAWN

* Forties: Shell withdrew three offers cif Rotterdam at plus
60 cents, plus $1.15 and plus 85 cents loading Nov. 8-26. These
are all above the price of previously offered cargoes.
(Reporting by Shadia Nasralla;
Editing by Sandra Maler)

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