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North Sea Crude-Grades rise amid Norway strike threat

Mon, 15th Feb 2021 18:04

LONDON, Feb 15 (Reuters) - North Sea Forties crude
differentials rose on Monday, supported by stronger bids and
tight supply, ahead of a possible strike by some Norwegian oil
workers.

* Union officials and energy firms were in talks to avert a
strike this week at Norway's Mongstad terminal that could
disrupt output at fields including Johan Sverdrup and Troll.

PLATTS WINDOW

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

* Forties: Vitol sold to Trafigura a CIF Rotterdam cargo for
March 6-10 at dated Brent plus $1.15.

* Forties: Vitol sold to Glencore a CIF Rotterdam cargo for
March 6-10 at dated Brent plus $1.05.

The average of the CIF deals was equal to about dated Brent
plus 55 cents on an FOB basis according to Reuters calculations.

* Forties: Glencore bid for a March 8-14 cargo at dated
Brent plus 75 cents.

* Brent: Glencore bids for a Feb. 26-March 10 cargo at dated
Brent plus 75 cents.

* Ekofisk: Trafigura bid for a March 12-16 cargo at dated
Brent plus 95 cents.

* Oseberg: Total bid for a March 7-9 cargo at dated Brent
plus 70 cents.

* Troll: Glencore bid for a March 5-17 cargo at dated Brent
plus $1.05.
(Reporting by Alex Lawler; editing by David Evans)

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