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North Sea Crude-Brent, Forties diffs weaken

Wed, 27th Jan 2021 19:25

LONDON, Jan 27 (Reuters) - North Sea Brent and Forties crude
oil differentials fell on Wednesday as Glencore sold a cargo of
Brent more cheaply to Petroineos and after Mercuria offered a
cargo of Forties for less, but no buyer emerged.

DEALS

* Brent: Glencore sold to Petroineos cif Rotterdam at dated
Brent plus 80 cents loading Feb. 13-17. On a fob basis,
according to Reuters calculations, this equates to minus 10
cents.

OUTSTANDING BIDS AND OFFERS

* Forties: Mercuria offered cif Rotterdam at dated Brent
plus 75 cents loading Feb. 8-12. On a fob basis, according to
Reuters calculations, this equates to plus 13 cents.

* Brent: Gunvor offered at dated Brent plus 35 cents loading
Feb. 13-15.
(Reporting by Shadia Nasralla; Editing by Mark Heinrich)

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