Roundtable Discussion; The Future of Mineral Sands. Watch the video here.

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WITHDRAWN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
21 Dec 2021 12:00

Oman's gas project for block 10 in Saih Rawl filed is expected to reach production of 0.5 bln cubic feet per day - ministry

Cairo, Dec 21 (REUTERS) - Oman's energy ministry said on Tuesday that the gas project for block 10 in the Saih Rawl gas field is expected to reach production of 0.5 billion cubic feet of gas per day.It added on Twitter that the project start up is...

Read more
21 Dec 2021 09:41

UPDATE 2-European shares rebound from Monday sell-off as energy stocks, miners jump

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)* ING to quit French retail banking business* Sanofi's $1 bln Amunix buyout to add to drugmaker's pipeline* European chipmakers rise on Micr...

Read more
20 Dec 2021 11:27

Britain consults on climate checks for new oil and gas licences

LONDON, Dec 20 (Reuters) - Britain on Monday called for views on potential checks for new oil and gas licences to assess whether projects are in line with the country’s climate commitments.Britain has a target to reach net zero emissions by 2050 a...

Read more
20 Dec 2021 09:54

UPDATE 2-UK shares fall as Omicron concerns hit commodity, travel stocks

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)* Standard Chartered fined $61.51 mln for regulatory lapses* Oil, metal prices fall as Omicron fuels demand worries* FTSE 100 down 1.0%, FTSE...

Read more
17 Dec 2021 17:04

LONDON MARKET CLOSE: FTSE 100 outperforms Europe as Omicron cases rise

LONDON MARKET CLOSE: FTSE 100 outperforms Europe as Omicron cases rise

Read more
17 Dec 2021 16:35

UPDATE 4-Brazil's oil auction raises $2 billion as Total, Shell pile in

(Adds comments from analyst, TotalEnergies)By Gram Slattery, Marta Nogueira and Sabrina ValleRIO DE JANEIRO, Dec 17 (Reuters) - France's TotalEnergies , Royal Dutch Shell, Malaysia's Petronas and Qatar Energy on Friday scooped up big offshore field...

Read more
17 Dec 2021 16:35

UPDATE 3-Brazil's offshore field raise $2 billion as Total, Shell pile in

(Adds details on production, updates share prices)By Gram Slattery, Marta Nogueira and Sabrina ValleRIO DE JANEIRO, Dec 17 (Reuters) - France's TotalEnergies , Royal Dutch Shell, Petrobras, Malaysia's Petronas and Qatar Energy scooped up big offsho...

Read more
17 Dec 2021 16:35

UPDATE 2-Total, Shell pile into Brazil's offshore fields in $2 billion sale

(Adds details on bids, adds analyst comment)By Gram Slattery, Marta Nogueira and Sabrina ValleRIO DE JANEIRO, Dec 17 (Reuters) - TotalEnergies SE , Royal Dutch Shell PLC, Petrobras, Petronas and Qatar Energy scooped up two blockbuster offshore fiel...

Read more
17 Dec 2021 16:35

UPDATE 1-Foreign oil firms pile into Brazil's offshore fields in $2 billion sale

(Updates with results of auction)By Gram Slattery, Marta Nogueira and Sabrina ValleRIO DE JANEIRO, Dec 17 (Reuters) - Petrobras, Petronas, TotalEnergies SE, Royal Dutch Shell and Qatar Energy scooped up two blockbuster offshore fields in Brazil on ...

Read more
17 Dec 2021 11:24

Just Eat adds Asda to platform, first UK partnership in grocery sector

Just Eat adds Asda to platform, first UK partnership in grocery sector

Read more
17 Dec 2021 11:00

Top oil majors set for 2nd shot at coveted Brazil 'pre-salt' offshore fields

By Gram Slattery, Marta Nogueira and Sabrina ValleRIO DE JANEIRO, Dec 17 (Reuters) - The world's top oil majors will compete in Brazil on Friday for the chance to snatch up some of the world's most coveted offshore oilfields, a test of the nation'...

Read more
17 Dec 2021 09:52

IN BRIEF: Smart Metering extends exclusivity agreement with Shell

IN BRIEF: Smart Metering extends exclusivity agreement with Shell

Read more
17 Dec 2021 07:59

Just Eat strikes first British grocery deal with Asda

AMSTERDAM, Dec 17 (Reuters) - Just Eat Takeaway.com said on Friday it had struck a deal with British supermarket group Asda to sell groceries through its delivery platform.The deal, Just Eat's first with a major British supermarket chain, comes a...

Read more
17 Dec 2021 07:51

LONDON MARKET PRE-OPEN: UK retail sales up; Johnson Matthey sells unit

LONDON MARKET PRE-OPEN: UK retail sales up; Johnson Matthey sells unit

Read more
16 Dec 2021 22:13

UPDATE 3-Royal Dutch Shell confirms delay in sale of Texas refinery to Mexico's Pemex

(Adds bakground from Pemex source)By Stefanie Eschenbacher and Erwin SebaMEXICO CITY/HOUSTON, Dec 16 (Reuters) - Royal Dutch Shell on Thursday confirmed a Reuters report that the sale of its controlling interest in a Texas refinery to Mexican state...

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.