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George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’
George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’View Video
Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America
Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin AmericaView Video

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North Sea Crude-Forties rises ahead of June supply drop

Thu, 29th Apr 2021 17:05

LONDON, April 29 (Reuters) - North Sea Forties crude oil
differentials rose on Thursday as loading programmes showed a
supply drop in June owing to planned maintenance.

JUNE PROGRAMMES

* The Forties stream will load only two cargoes in June, a
copy of the shipment schedule showed on Thursday, reducing
supply of the crude that underpins the global Brent benchmark.

PLATTS WINDOW

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

* Forties: BP sold to Vitol a May 12-14 cargo at dated Brent
plus 60 cents.

* Forties: Vitol bid for a May 12-18 cargo at dated Brent
plus 65 cents.

Both Forties indications were up from a deal and bids on
Wednesday.

* Oseberg: Glencore bid for a May 9-30 cargo at dated Brent
plus 75 cents, up from a deal on Wednesday.

* Ekofisk: Litasco bid for a cargo loading May 25-29 at
dated Brent plus 70 cents, up from a bid on Wednesday.
(Reporting by Alex Lawler
Editing by David Goodman
)

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