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, Ekofisk differentials firm despite market length

Wed, 08th Feb 2017 17:42

LONDON, Feb 8 (Reuters) - The differential for Fortiesfirmed slightly, despite lengthening medium sour supplies innorthern Europe, while the price for Ekofisk jumped after adeal.

* Forties has been under pressure since last week due tofalling differentials for competing Russian Urals in NorthwestEurope. On Tuesday an extra two cargoes were added to theFebruary Urals programme out of Baltic ports.

* A higher than usual amount of Kazakh CPC Blend has alsobeen making its way to Northwest Europe due to plummetingdifferentials with the added output from the Kashagan oilfied.

* About 10 cargoes arrived in Northwest Europe in Januaryand another eight are due to arrive in February, according toReuters shipping data. The region usually takes some four toseven cargoes of CPC Blend. The last spike was in October justafter Kashagan oil was added.

* Levels for non-BFOE grades have been fairly steady sinceJanuary, one trader said. Statfjord was being offered at arounddated Brent plus 75 cents a barrel, Grane was pegged at arounddated Brent minus $1.10 a barrel and Flotta at around datedBrent minus $1.20 a barrel.

* Gullfaks was being offered at around dated Brent plus$1.40 a barrel with traded levels lower at about dated Brentplus $1.25 a barrel.

* Royal Dutch Shell has submitted a plan to theBritish government for dismantling its Brent North Seaproduction platforms, a turning point for the UK oil industry asoperators face the huge challenge of abandoning depleted fieldsafter 40 years of production.

DEALS

* BP sold a cargo of Forties to Shell at dated Brent minus30 cents a barrel loading Feb. 21-23.

* Glencore sold a cargo of Ekofisk at dated Brent plus 35cents a barrel loading Feb. 28-March 2.

OUTSTANDING

* Mercuria bid for a cargo of Forties at dated Brent minus20 cents a barrel lading March 1-8.

* Glencore bid for a cargo of Forties at dated Brent minus25 cents a barrel loading March 1-5.

* Total bid for a cargo of Ekofisk at dated Brent plus 35cents a barrel loading Feb.

WITHDRAWN

* Vitol offered a cargo of Brent at dated Brent minus 50cents a barrel loading Feb. 20-22.

* BP offered a cargo of Forties at dated Brent minus 25cents a barrel loading Feb. 21-23.

*Statoil offered a cargo of Forites at dated Brent minus 10cents a barrel loading Feb. 24-26. (Reporting by Julia Payne; Editing by Greg Mahlich)

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.