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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-Glencore bid pushes Ekofisk up to 2-week high

Wed, 16th Jun 2021 17:51

LONDON, June 16 (Reuters) - North Sea Ekofisk crude oil
differentials hit their highest since the beginning of the month
on Wednesday as Glencore bid up the grade, while Glencore and
Total bids also pushed up Forties differentials.

PLATTS WINDOW

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

* Ekofisk: Vitol sold to Exxon cif Rotterdam at dated Brent
plus 80 cents loading July 1-5. On a fob basis, according to
Reuters calculations, this equates to plus 28 cents.

* Forties: Vitol sold to Total at dated Brent minus 15 cents
loading June 27-29.

OUTSTANDING BIDS AND OFFERS

* Forties: Glencore bids at dated Brent minus 10 cents
loading July 10-18.

* Ekofisk: Glencore bids at dated Brent plus 65 cents
loading July 12-18.

* Brent: Total bids at dated Brent minus 10 cents loading
July 13-15.

* Forties: Total bids at dated Brent minus 10 cents loading
July 13-15.

* Forties: Total bids at dated Brent minus 10 cents loading
July 8-10.

* Ekofisk: Mercuria bids at dated Brent plus 50 cents
loading July 12-18.

* Forties: Vitol offers cif Rotterdam at dated Brent plus 85
cents loading June 28-July 6.

* Brent: Vitol offers cif Rotterdam at dated Brent plus
$1.05 loading June 28-July 6. On a fob basis, according to
Reuters calculations, this equates to plus 8 cents.

* Forties: Trafigura offers cif Rotterdam at dated Brent
plus 80 cents loading July 2-6.

* Brent: BP offers cif Rotterdam at dated Brent plus $1.25
loading June 28-July 2.

* Brent: BP offers cif Rotterdam at dated Brent plus $1.25
loading July 3-7.

* Brent: Gunvor offers at dated Brent plus 20 cents loading
July 4-6.
(Reporting by Shadia Nasralla
Editing by Mark Potter)

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