North Sea Crude-WTI Midland falls on deal

MITSUI & CO.

06/05/2026 18:53

LONDON, May 6  (Reuters) - U.S. WTI Midland differentials weakened on Wednesday after a trade in the Platts window, while North Sea Forties, Ekofisk, and Brent were also on offer.

PLATTS WINDOW

Indications are free on board (FOB) unless marked as cost, insurance and freight (CIF) or delivered at place.

WTI Midland: TotalEnergies bought a May 26-30 cargo from Phillips 66 at dated Brent plus $2.36 CIF Rotterdam.

The deal equated to around dated Brent plus 49 cents on a FOB basis, Reuters calculations showed.

WTI Midland: Phillips 66 offered two more cargoes, one with May 18-24 dates at dated plus $2.25 CIF, and one with June 6-10 dates at dated plus $4.15 CIF.

On Tuesday, TotalEnergies bought a May 24-28 WTI Midland cargo from Phillips 66 at dated plus $3.50 CIF.

Forties: Gunvor offered a May 30 - June 1 cargo at dated plus $2.35, and Eni offered May 25-27 at dated plus $1.21.

Ekofisk: Eni offered May 23-25 at dated plus $3.35.

Brent/Ninian: BP withdrew an offer for June 1-3 dates at Cash BFOE July plus $1.90. The offer equated to approximately dated plus 64 cents according to Reuters calculations.

 (Reporting by Robert Harvey
Editing by Tomasz Janowski)

 ((robert.harvey@thomsonreuters.com))