North Sea Crude-WTI weakens on lower offer
North Sea Crude-WTI weakens on lower offer LONDON, Aug 25 (Reuters) - U.S. WTI Midland crude weakened in the Platts window on Tuesday after a lower offer.
PLATTS WINDOW
Indications are free on board (FOB) unless marked as cost, insurance and freight (CIF) or delivered at place.
No cargoes traded, a market source said.
WTI Midland: Chevron offered a September 11-15 cargo at dated Brent plus $1.10 CIF Rotterdam, down from an offer at dated Brent plus $1.30 on Monday.
The offer equated to dated Brent minus 52 cents FOB, Reuters calculations show.
WTI Midland: Unipec offered a September 8-12 cargo at dated Brent plus $1.75 CIF Rotterdam while Shell offered a September 11-15 cargo at dated Brent plus $1.50 CIF Rotterdam.
Johan Sverdrup: CNOOC offered a September 20-24 cargo at dated Brent plus $1.20 CIF Rotterdam.
(Reporting by Enes Tunagur
Editing by David Goodman
)
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