Less Ads, More Data, More Tools Register for FREE

Pin to quick picksRDSA.L Share News (RDSA)

  • There is currently no data for RDSA

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

North Sea Crude-Forties diffs edge up; may turn positive

Fri, 19th Apr 2013 16:49

* Forties trades at 10 cents below dated Brent * Oseberg offers tumble on strong supplies GENEVA, April 19 (Reuters) - North Sea Forties crude pricedifferentials crept towards positive territory on Friday asrefinery restarts eclipsed strong production from the Buzzardoilfield. Improving refining margins have been the main factor behinda 20 cent rise in Forties differentials from this time lastweek, traders said. Differentials have traded at a discount todated Brent since early March. Total will restart its 230,000 bpd Doges refinery in thenext few days after planned maintenance, a plant union sourcesaid on Friday. Refining margins in northwest Europe have risen by around 40cents from an average of $5.46 a barrel in March, according toReuters data. "The market's definitely picking up as refiners add todemand and Forties may keep going," said a North Sea trader. Traders added that another supportive factor was fallingsupplies of west African crude oil in the region after Shelldeclared force majeure on its Nigerian Bonny Light crudeexports. But other North Sea grades including Oseberg were weaker onFriday as one trader said that sellers "struggled" to placeremaining cargoes for May. This grade is due to load 155,000 barrels per day in May, upfrom a planned 120,000 bpd in April. SPOT TRADE * Vitol sold a Forties cargo for loading May 11-13 to Shellat dated Brent minus 10 cents a barrel. This was up from thelast Forties deal on Tuesday at dated minus 58 cents. * Total was also a buyer in the publicly traded window onFriday and bid for a Forties cargo up to dated Brent minus 20cents. There was no matching offer. * Oseberg: Statoil offered an Oseberg cargo for loading16-31 May at dated plus $1.30 a barrel on Friday. This was down30 cents from the last level assessed by Reuters. SWAPS The swaps curve was as follows: 22-26/4 Jul -31 29-03/5 Jul -32 7-10/5 Jul -27 13-17/5 Jul -22 20-24/5 Jul -19 28-31/5 Jul -19 DATABASE

More News
15 Nov 2021 08:45

LONDON MARKET OPEN: Shell rises on share structure plans; CMC surges

LONDON MARKET OPEN: Shell rises on share structure plans; CMC surges

Read more
15 Nov 2021 08:27

UK welcomes Shell's tax shift to Britain

LONDON, Nov 15 (Reuters) - Britain's business minister has welcomed a decision by Royal Dutch Shell to scrap its dual share system and move its tax residence to the UK, saying it is a vote of confidence in the national economy.Shell said earlier o...

Read more
15 Nov 2021 08:05

LONDON BRIEFING: Royal Dutch Shell to become plain old Shell

LONDON BRIEFING: Royal Dutch Shell to become plain old Shell

Read more
15 Nov 2021 07:45

LONDON MARKET PRE-OPEN: Shell simplifies shares; CMC to mull split

LONDON MARKET PRE-OPEN: Shell simplifies shares; CMC to mull split

Read more
15 Nov 2021 07:21

UPDATE 6-Shell ditches the Dutch, seeks move to London in overhaul

* Shell says new structure to speed up payouts* Dutch court ordered Shell to accelerate energy shift* 'Royal Dutch' to be dropped from name (Adds detail on Shell's current)By Shadia Nasralla and Sachin RavikumarLONDON, Nov 15 (Reuters) - Royal Dutch...

Read more
15 Nov 2021 07:21

UPDATE 7-Shell ditches the Dutch, seeks move to London in overhaul

* Shell says new structure to speed up payouts* Dutch court ordered Shell to accelerate energy shift* 'Royal Dutch' to be dropped from name (Updates with report government again trying to scrap dividend tax)By Shadia Nasralla and Sachin RavikumarLO...

Read more
15 Nov 2021 07:21

UPDATE 5-Shell ditches the Dutch, moves to London in share structure overhaul

* Shell says new structure to speed up payouts* Dutch court ordered Shell to accelerate energy shift* 'Royal Dutch' to be dropped from name (Adds detail on share buyback plans, Brexit context)By Shadia Nasralla and Sachin RavikumarLONDON, Nov 15 (Re...

Read more
15 Nov 2021 07:21

UPDATE 4-Shell ditches the Dutch, moves to London in share structure overhaul

* Shell says new structure to speed up payouts* Dutch court ordered Shell to accelerate energy shift* Analyst says move to boost Shell's buyback ability* 'Royal Dutch' to be dropped from name (Adds comment by shareholder, Dutch government reaction)B...

Read more
15 Nov 2021 07:21

UPDATE 3-Shell to scrap dual listing, shift to London in energy transition

* Shell says new structure to speed up payouts* Dutch court ordered Shell to accelerate energy shift* 'Royal Dutch' to be dropped from name (Adds analyst comment, background)By Shadia Nasralla and Sachin RavikumarLONDON, Nov 15 (Reuters) - Royal Dut...

Read more
15 Nov 2021 07:21

UPDATE 2-Shell to scrap dual share structure, as it battles activist investor

* Third Point called for Shell to be broken up* Shell says its businesses work better together* 'Royal Dutch' to be dropped from name* Shell to shift its tax residence to Britain (Adds details from announcement, background)Nov 15 (Reuters) - Royal D...

Read more
15 Nov 2021 06:13

UPDATE 7-Oil settles mixed on questions over crude supply, demand, strong dollar

(Updates with settlement prices, adds commentary)By Laura SanicolaNEW YORK, Nov 15 (Reuters) - Oil prices settled mixed on Monday as investors wondered whether crude supplies will increase and whether demand will be pressured by the recent surge i...

Read more
15 Nov 2021 06:13

UPDATE 6-Oil prices slide on strong dollar, rising crude supplies

(Adds latest prices, changes dateline to New York)By Laura SanicolaNEW YORK, Nov 15 (Reuters) - Oil prices slipped to a one-week low on Monday on expectations supplies will increase while demand will be pressured by the recent surge in energy cost...

Read more
11 Nov 2021 12:26

LONDON MARKET MIDDAY: Pound falls to near one-year low, lifts FTSE 100

LONDON MARKET MIDDAY: Pound falls to near one-year low, lifts FTSE 100

Read more
11 Nov 2021 08:54

LONDON MARKET OPEN: Auto Trader and Johnson Matthey bookend FTSE 100

LONDON MARKET OPEN: Auto Trader and Johnson Matthey bookend FTSE 100

Read more
10 Nov 2021 17:00

Battery swap startup Ample hits unicorn status with new funding round

By Paul LienertNov 10 (Reuters) - Ample, the San Francisco startup focused on electric vehicle battery swapping, has raised another $50 million, the company said on Wednesday, in a round led by Blackstone.The latest funding comes on the heels of a...

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.