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North Sea Crude-Diffs unchanged in a quiet market

Fri, 18th Sep 2020 17:17

LONDON, Sept 18 (Reuters) - North Sea crude differentials
ended the week on a quiet note as the market absorbed the
possibility of a wave of more light, sweet oil out of Libya and
an extraordinary OPEC meeting in October.

* Crude differentials have been weighed down across the
board as the world must still deal with a massive stockpile
coupled with fresh lockdowns to contain COVID-19.

PLATTS WINDOW

* No deals.

* Troll: Equinor withdraws an offer at dated Brent plus 80
cents loading Oct. 11-13.

RELATED NEWS

* Eastern Libyan commander Khalifa Haftar announced he would
lift for one month his blockade of oil output and said he had
agreed with the rival Tripoli government on "fair distribution"
of energy revenue.

* The Saudi Energy Minister warned traders on Thursday
against betting heavily in the oil market saying he will try to
make the market "jumpy" and promised those who gamble on the oil
price would be hurt "like hell".
(Reporting by Julia Payne; editing by David Evans)

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