George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here

Less Ads, More Data, More Tools Register for FREE
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

Latest Share Chat

North Sea Crude-Higher bids lift Forties and Brent

Thu, 11th Mar 2021 17:47

LONDON, March 11 (Reuters) - North Sea Brent and Forties
crude differentials ticked up on the back of higher bids on
Thursday.

* Commodities and energy pricing agency Argus Media said
some traders looked at switching to the Argus dated Brent when
competitor Platts, which sets the benchmark used by the
industry, faced a backlash after announcing reforms.

* Tanker freight rates from Hound Point to Wilhelmshaven are
at their highest since May 2020 at 112.5 worldscale, according
to Riverlake/Refinitiv Eikon data. <RL-NSEAUKC-AF>

PLATTS WINDOW

* Forties: Glencore sold to Shell cif Rotterdam at dated
Brent plus $1.00 loading April 2-6. On a fob basis, according to
Reuters calculations, this equates to plus 20 cents.

* Brent: Glencore sold to Vitol cif Rotterdam at dated Brent
plus $1.10 loading March 29-April 2. On a fob basis, according
to Reuters calculations, this equates to minus 8 cents.

OUTSTANDING BIDS AND OFFERS

* Forties: Vitol bids at dated Brent plus 25 cents loading
April 3-10.

* Brent: Total bid at dated Brent plus 20 cents loading
April 1-3.

* Forties: Mercuria bid at dated Brent plus 20 cents loading
April 7-9.

* Brent: Mercuria bid at dated Brent flat loading March
22-26.
(Reporting by Alex lawler, Editing by Jane Merriman and Elaine
Hardcastle)

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.