North Sea Crude-Brent, Forties edge higher

Mercuria Holdings

19/11/2020 17:31

LONDON, Nov 19 (Reuters) - North Sea Forties and Brent Blend
rose on Thursday after a deal and an active window.
    
    * Brent crude oil futures' spreads in 2021 have narrowed
significantly as demand from Asia has been strong and markets
remained hopeful that OPEC and its allies could extend their
output cuts.  urn:newsml:reuters.com:*:nL8N2I53XT
    * Norway will offer oil companies blocks in nine frontier
areas in its latest licensing round, it said on Thursday,
opening the way for a major expansion of exploration in the
Arctic and drawing fierce criticism from environmental
campaigners.  urn:newsml:reuters.com:*:nL8N2I53CU

    PLATTS WINDOW
    * Indications are on a free-on-board (FOB) basis unless
marked as cost, insurance and freight (CIF).
    * Forties: Shell sold a cargo to Trafigura at dated Brent
plus 15 cents loading Dec. 1-5 cif Rotterdam. On a fob basis,
this equates to minus 39 cents, according to Reuters
calculations.
    
    BIDS AND OFFERS
    * Ekofisk: Vitol offered at dated Brent plus 25 cents
loading Dec. 4-6. 
    * Brent Blend: Mercuria bid at dated Brent plus 10 cents
loading Dec. 11-20 cif Rotterdam. This equates to minus 69 cents
on a fob basis.
    * Forties: Mercuria bid at dated Brent plus 5 cents loading
Dec. 11-20 cif Rotterdam, or minus 49 cents on a fob basis. 
    * Brent Blend: Trafigura withdrew an offer at dated Brent
plus 65 cents loading Dec. 1-7 cif Rotterdam, or minus 14 cents
on a fob basis. 
    * Forties: Shell withdrew an offer at dated Brent plus 20
cents loading Dec. 6-10 cif Rotterdam, or minus 34 cents on a
fob basis. 
    * Forties: Shell withdrew an offer at dated Brent plus 40
cents loading Dec. 16-20 cif Rotterdam, or minus 14 cents on a
fob basis. 
    * Forties: Shell withdrew an offer at dated Brent plus 40
cents loading Dec. 11-15 cif Rotterdam, or minus 14 cents on a
fob basis. 

 (Reporting by Julia Payne; Editing by Mark Potter)
 ((julia.payne@thomsonreuters.com; +44 207 542 1836;))
 
((NORTH SEA CRUDE OIL DIFFERENTIALS AND OUTRIGHT PRICES:
 0#BFO-DIF   0#C-E  
Dated BFO  BFO-  
Brent  BFO-BRT   BFO-E  
Forties  BFO-FOT   FOT-E  
Oseberg  BFO-OSE   OSE-E  
Ekofisk  BFO-EKO   EKO-E  
Statfjord  BFO-STA   STA- 
Monthly North Sea crude loading programmes  O/LOAD 
New North Sea oilfields  NSEA/NEW  
NORTH SEA SWAPS
 FFFP  for the latest contracts for difference.
BFO  0#BFO-  Dated BFO weekly swaps  0#BRT-CFD  
Dated BFO front line swaps  IHEU/SWAP/BRENT 
NYMEX crude  0#CL:  
ICE crude  0#LCO:  
 OPEC  OPEC  NSEA  North Sea 
 CRU  crude oil  PROD  oil products 
 DRV  derivatives  PRO/E  European products 
 O/L  Latest IPE  O/N  Latest NYMEX 
 OILOIL   NYMOIL   IPEOIL   OILSPD   OILARB  
 CRDWLD  PRODEUR   PRODUS   APROD  
 ENERGY  speed guide  CRUDE/1  crude speed guide))