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North Sea Crude-Brent, Forties differentials dip; Total emerges as keen buyer

Wed, 13th Oct 2021 17:39

LONDON, Oct 13 (Reuters) - North Sea Brent and Forties
differentials fell on Wednesday as Vitol and Glencore sold
cheaper cargoes to Total, but Total is still bidding higher for
more cargoes of the two grades.

PLATTS WINDOW

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

* Brent: Vitol sold to Total CIF Rotterdam at dated Brent
plus $1.25 loading Oct. 30-Nov. 3. On a FOB basis, according to
Reuters calculations, this equates to plus 13 cents.

* Forties: Glencore sold to Total CIF Rotterdam at dated
Brent plus 90 cents loading Oct. 25-29. On a FOB basis,
according to Reuters calculations, this equates to plus 14
cents.

* Forties: Glencore sold to Litasco at dated Brent plus 45
cents loading Oct. 31-Nov. 2.

OUTSTANDING BIDS AND OFFERS

* Brent: Total bids at dated Brent plus 55 cents loading
Oct. 29-Nov. 10.

* Forties: Total bids at dated Brent plus 45 cents loading
Oct. 31-Nov. 4.

* Forties: Total bids at dated Brent plus 55 cents loading
Oct. 23-30.

* Ekofisk: Litasco bids at dated Brent plus 85 cents loading
Oct. 30-Nov. 3.

* Ekofisk: Litasco bids at dated Brent plus 55 cents loading
Nov. 11-15.

* Ekofisk: BP offers at dated Brent plus 85 cents loading
Nov. 2-6.

* Ekofisk: Glencore offers at dated Brent plus 80 cents
loading Nov. 5-7.

* Ekofisk: Alta offers Ekofisk at dated Brent plus 80 cents
loading Nov. 11-13.

(Reporting by Shadia Nasralla
Editing by Chris Reese)

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