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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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