North Sea Crude ‑ WTI Midland differentials rise with BP sale to Petroineos

MITSUI & CO.

02/06/2026 17:20

LONDON, June 2  (Reuters) - WTI Midland crude differentials rose on Tuesday after BP sold a cargo to Petroineos above previous deal levels.
     
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Indications are free on board (FOB) unless marked as cost, insurance and freight (CIF) or delivered at place.
WTI Midland: BP sold to Petroineos CIF Rotterdam for June 22-26 at dated Brent plus $2.35. On a FOB basis, this equates to plus $1.15, according to Reuters calculations, higher than the plus $1.05 FOB average of two trades on Monday.
WTI Midland: Glencore offered CIF Rotterdam for June 25-29 at dated Brent plus $2.90.

(Reporting by Shadia Nasralla
Editing by David Goodman)
((shadia.nasralla@tr.com))