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
10 Nov 2021 12:28

LONDON MARKET MIDDAY: Stocks rise as investors eye US inflation data

LONDON MARKET MIDDAY: Stocks rise as investors eye US inflation data

Read more
10 Nov 2021 10:45

Shell committed to explore hydrocarbons in Africa

DUBAI, Nov 10 (Reuters) - Royal Dutch Shell is currently committed to exploring in Africa for hydrocarbons and doing so fits the company's purpose, its exploration manager for deepwater Africa Benjamin Mee said on Wednesday at an industry event.M...

Read more
10 Nov 2021 08:48

LONDON MARKET OPEN: ITV up on record ad revenue forecast; M&S shines

LONDON MARKET OPEN: ITV up on record ad revenue forecast; M&S shines

Read more
9 Nov 2021 14:22

IN BRIEF: Global Petroleum brings in advisor for Namibia farmout

IN BRIEF: Global Petroleum brings in advisor for Namibia farmout

Read more
9 Nov 2021 09:37

UPDATE 1-Greenpeace Germany sues Volkswagen over carbon emissions targets

(Adds comment from Volkswagen)BERLIN, Nov 9 (Reuters) - Environmental activist Clara Mayer and the heads of Greenpeace Germany have sued Volkswagen in a German court, the NGO said on Tuesday, accusing the automaker of failing to do its part to com...

Read more
9 Nov 2021 09:34

LONDON BROKER RATINGS: Upgrades for Royal Dutch Shell, BT and Petrofac

LONDON BROKER RATINGS: Upgrades for Royal Dutch Shell, BT and Petrofac

Read more
9 Nov 2021 08:25

Vivo Energy selects TotalEnergies executive Mittleman as new CEO

Vivo Energy selects TotalEnergies executive Mittleman as new CEO

Read more
9 Nov 2021 07:00

Shell and Norsk Hydro team up for green hydrogen

OSLO, Nov 9 (Reuters) - Royal Dutch Shell and Norsk Hydro are looking into jointly producing hydrogen from renewable electricity in a push to decarbonise their own operations as well as supply heavy industry and transport customers, Hydro said on...

Read more
8 Nov 2021 12:16

LONDON MARKET MIDDAY: Biden infrastructure bill lifts industrial names

LONDON MARKET MIDDAY: Biden infrastructure bill lifts industrial names

Read more
8 Nov 2021 08:59

LONDON MARKET OPEN: Stocks lack direction; oil majors buoy FTSE 100

LONDON MARKET OPEN: Stocks lack direction; oil majors buoy FTSE 100

Read more
8 Nov 2021 06:00

As LNG prices surge, North American project development languishes

By Scott DiSavinoNov 8 (Reuters) - Demand for liquefied natural gas (LNG) has never been higher, but developers in North America are headed into the final weeks of the year without having approved one new project yet.Global natural gas prices are ...

Read more
8 Nov 2021 00:01

UK's Connected Kerb targets 190,000 on-street EV chargers by 2030

By Nick CareyLONDON, Nov 8 (Reuters) - Charging infrastructure company Connected Kerb said on Monday it plans to install 190,000 on-street public chargers in the UK by 2030, requiring up to 1.9 billion pounds ($2.55 billion) in investment, as dema...

Read more
5 Nov 2021 16:59

UPDATE 1-Cepsa explores chemicals sale to fund clean energy push - sources

* Chemicals division valued at up to $3.4 bln - sources* Citi handling strategic review - sources* Proceeds to fund renewable energy push - sources (Adds company comment)By Andres GonzalezMADRID, Nov 5 (Reuters) - Spanish oil company Cepsa is explo...

Read more
5 Nov 2021 09:56

UPDATE 2-Banks, energy shares lift FTSE 100; IAG jumps on recovery hopes

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)* IAG gains on optimism around reopening of transatlantic travel* Pound extends losses after BoE leaves rates unchanged* FTSE 100 up 0.3%, F...

Read more
4 Nov 2021 20:42

UPDATE 1-Shell plans to restart Deer Park, Texas reformer next week -sources

(Adds Shell spokesperson not immediately available, background on upcoming ownership change, two other refineries)HOUSTON, Nov 4 (Reuters) - Royal Dutch Shell Plc plans to restart next week units shut in September for a planned overhaul at its 302...

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.