North Sea Crude-Forties rises on higher Mercuria bid, Troll jumps

Mercuria Holdings

18/11/2020 18:04

LONDON, Nov 18 (Reuters) - North Sea Forties crude ticked up
on Wednesday on the back of a higher bid from Mercuria, even
though Shell sold a cargo to Trafigura at a lower price, while
Brent slipped due to a cheaper cargo offered for sale by Total.
    Troll hit a two-month high with a bid from Equinor.

    PLATTS WINDOW
    * Indications are on a free-on-board (FOB) basis unless
marked as cost, insurance and freight (CIF).
    * Forties: Shell sold to Trafigura cif Rotterdam at dated
Brent minus 10 cents loading Nov. 20-Dec. 4. On a fob basis,
this equates to minus 44 cents, according to Reuters
calculations.
    
OUTSTANDING BIDS AND OFFERS
    * Forties: Mercuria bid at dated Brent minus 30 cents
loading Nov. 29-Dec. 11.
    * Brent: Trafigura offered cif Rotterdam at dated Brent plus
60 cents loading Dec. 1-10. On a fob basis, this equates to
minus 19 cents, according to Reuters calculations.
    * Brent: Total offered cif Rotterdam at dated Brent plus 30
cents loading Dec. 3-8. On a fob basis, this equates to minus 49
cents, according to Reuters calculations.
    * Brent: Litasco offered at dated Brent minus 35 cents
loading Dec. 4-6.
    * Troll: Glencore offered at dated Brent plus 80 cents
loading Dec. 13-15.
    * Troll: Equinor bid at dated Brent plus 60 cents loading
Dec. 13-17.
    * Gullfaks: Equinor bid cif Rotterdam at dated Brent plus 95
cents loading Dec. 7-11.

 (Reporting by Shadia Nasralla
Editing by Mark Potter)
 ((Shadia.Nasralla@thomsonreuters.com; +44 207 542 5083; +44 778
99 43141; Reuters Messaging: Reuters Messaging:
shadia.nasralla.reuters.com@reuters.net))
 
((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))