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North Sea Crude-Benchmark grades, except Troll, firm

Tue, 22nd Jun 2021 19:46

LONDON, June 22 (Reuters) - North Sea differentials for the
benchmark grades, with the exception of Troll, firmed on
Tuesday, buoyed by the return of fuel demand.

* UK's Unite union's Scotland unit on Tuesday said talks to
prevent industrial action at Sullom Voe Terminal have ended with
no movement on the part of Shetland Islands Council (SIC) to
resolve the dispute over a long service award.

* Around 40 towage workers are set to begin an overtime ban
on July 5, which will continue over a seven-week period, the
union said.

* OPEC+ is discussing a further easing of oil output cuts
from August as oil prices rise on demand recovery, but no
decision had been taken yet on the exact volume to bring back to
the market, two OPEC+ sources said on Tuesday.

PLATTS WINDOW

* Indications are on a free-on-board (FOB) basis unless
marked as cost, insurance and freight (CIF).

* Brent Blend: BP sold a cargo to Mercuria at dated Brent
plus $1.00 cif Rotterdam loading July 4-8 or flat on a fob
basis.

* Brent Blend: Glencore sold a cargo to Mercuria at dated
Brent plus $1.25 cif Rotterdam loading July 9-13 or plus 25
cents on a fob basis.

* Brent Blend: Trafigura sold a cargo to Total at dated
Brent plus 70 cents loading July 13-15.

* Brent Blend: Trafigura sold a cargo to Total at dated
Brent plus 40 cents loading July 4-6.

* Ekofisk: BP sold a cargo to Total at dated Brent plus 80
cents loading July 10-12.

BIDS/OFFERS

* Forties was bid at dated Brent plus 45, 70 and 75 cents on
a fob basis and plus $1.10 and $1.25 cif Rotterdam for loading
between July 6 to 21.

* Ekofisk was bid at plus 55 and plus 60 on a fob basis and
offered multiples times at plus $1.15 a barrel cif Rotterdam.

* Oseberg: Total bid at dated Brent plus 80 cents loading
July 15-17.

* Brent Blend had withdrawn offers at dated Brent plus
$1.15, $1.35 and $1.45 cif Rotterdam.
(Reporting by Julia Payne
Editing by Sonya Hepinstall)

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