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North Sea Crude-Forties slumps to lowest since November, Shell offers WTI

Wed, 07th Apr 2021 17:00

LONDON, April 7 (Reuters) - North Sea Forties crude oil
differentials fell to their lowest since November on Wednesday
after Trafigura offered a cargo more cheaply.

Shell offered a relatively rare cargo in the trading window
of U.S. crude grade WTI on a delivered basis to Rotterdam.

PLATTS WINDOW

* Indications are on an FOB basis unless marked as CIF.

* Brent: BP bid at dated Brent minus 65 cents loading April
24-26.

* Brent: Total offered cif Rotterdam at dated Brent plus 70
cents loading April 25-29. On a fob basis, according to Reuters
calculations, this equates to minus 42 cents.

* Forties: Trafigura offered cif Rotterdam at dated Brent
plus 35 cents loading April 19-23. On a fob basis, according to
Reuters calculations, this equates to minus 41 cents.

* Forties: Total offered cif Rotterdam at dated Brent plus
$1.00 loading April 29-May 3. On a fob basis, according to
Reuters calculations, this equates to plus 24 cents.

* WTI: Shell offered cif Rotterdam at dated Brent minus 55
cents loading May 1-5.
(Reporting by Shadia Nasralla
Editing by Marguerita Choy)

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