North Sea Crude-Vitol buys two WTI cargoes
North Sea Crude-Vitol buys two WTI cargoes LONDON, Sept 18 - Differentials for U.S. WTI Midland delivered to Europe firmed on Friday as Vitol bought two cargoes, in an otherwise quiet session.
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Indications are free on board unless marked as cost, insurance and freight or delivered at place.
WTI Midland: Vitol bought an October 11 to 15 cargo from Glencore at dated Brent plus $18.30 CIF Rotterdam, and an October 18 to 22 cargo from Petroineos at dated plus $17.30 CIF Rotterdam.
The midpoint of the day's deals, dated plus $17.80 CIF, equated to a $12.79 premium to dated Brent on a FOB basis, Reuters calculations showed.
On Thursday, Glencore sold an October 6 to 10 WTI Midland cargo to Vitol at Dated Brent plus $15.15 a barrel CIF Rotterdam, Total bought an October 11 to 15 cargo from Glencore at Dated Brent plus $17.50 a barrel CIF Rotterdam, and Chevron sold an October 16 to 20 cargo to Vitol at Dated Brent plus $17.30 a barrel CIF Rotterdam.
(Reporting by Reuters, Editing by Louise Heavens)
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