The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

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* Brent Blend had withdrawn offers at dated Brent plus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)

Related Shares

More News
22 May 2024 18:47

Glencore, Rusal extend aluminium supply contract into 2025, source says

LONDON, May 22 (Reuters) - Swiss-based trading house Glencore and aluminium producer Rusal have extended their long-term supply contract into next y...

22 May 2024 14:45

UK shareholder meetings calendar - next 7 days

22 May 2024 14:09

What New Caledonia riots mean for the nickel industry

PARIS, May 22 (Reuters) - A wave of civil unrest in New Caledonia, a French overseas territory in the southern Pacific that is a leading nickel prod...

22 May 2024 13:29

Vivo Energy to invest over $550 mln in South Africa, minister says

CAPE TOWN, May 22 (Reuters) - Vivo Energy, owned by global commodities trader Vitol, will invest an initial 10 billion rand ($550.79 million) in its...

21 May 2024 22:25

Peru's 2024 copper target is realistic, mining magnates say

LIMA, May 21 (Reuters) - The Peruvian government's 2024 copper production goal of 3 million metric tons is realistic, senior industry executives sai...

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.