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North Sea Crude-WTI Midland trades, Forties, Ekofisk keep rising amid Middle East oil crunch (updated)

UPDATE 1-North Sea Crude-WTI Midland trades, Forties, Ekofisk keep rising amid Middle East oil crunch

adds FOB calculation for WTI Midland deal

- Forties and Ekofisk crude differentials kept rising on Friday on the back of higher bids, while a lower deal for a WTI Midland cargo was accompanied by an outstanding higher bid as rising concerns about Middle East oil supply disruptions supported the wider market.

PLATTS WINDOW

Indications are free on board unless marked as cost, insurance and freight or delivered at place.

  • WTI Midland: Exxon bought from Eni for September 23-27 CIF Rotterdam at dated Brent plus $5.30. This equates to around plus $3.61 FOB, according to Reuters calculations.

  • WTI Midland: Exxon bids for October 10-14 CIF Rotterdam at dated Brent plus $10.95. It withdrew a bid at plus $10.35.

  • In the previous session a WTI Midland cargo changed hands at dated Brent plus $10.20.

  • Forties: Exxon bids for October 2-4 at dated Brent plus $8.20. It withdrew a bid at plus $7.50.

  • Johan Sverdrup: Equinor bids for September 29-October 1 at dated Brent plus $7.15.

  • Ekofisk: Gunvor bids for October 1-3 at dated Brent plus $8.95.


(Reporting by Reuters; Editing by Daniel Wallis and David Gregorio)

((shadia.nasralla@tr.com))

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