North Sea Crude ‑ WTI Midland offered lower, Troll falls
North Sea Crude ‑ WTI Midland offered lower, Troll falls LONDON, May 29 (Reuters) - U.S. WTI Midland crude was offered lower into northwest Europe on Friday, while North Sea Troll crude traded at a weaker level, indicating softer differentials in the region as hopes of a U.S.-Iran peace deal weighed on wider markets.
PLATTS WINDOW
Indications are free on board (FOB) unless marked as cost, insurance and freight (CIF) or delivered at place.
One cargo traded, a market source said.
Troll: ENI bought a cargo for June 17-19 from Phillips 66 at dated Brent plus $3.75, down from an offer on Thursday.
WTI Midland: Glencore offered two cargoes on a CIF Rotterdam basis, with June 20-24 dates at dated Brent plus $2.20 and June 23-27 dates at dated Brent plus $2.50.
The lower of the two CIF Rotterdam offers equates to a significantly weaker level on an FOB basis of about dated Brent plus 80 cents, according to Reuters calculations.
(Reporting by Alex Lawler; Editing by Kirsten Donovan)
Recent news on MITSUI & CO.
See all newsAustralia's AirTrunk bags $3 billion green loan to expand Sydney data centre
Press Digest: Wall Street Journal - October 16
Penske Automotive rises after agreeing to be taken private by Penske, Mitsui
Penske Automotive agrees to be taken private by Penske, Mitsui
Brief: Penske Automotive Group Announces Agreement To Be Taken Private By Penske Corporation And Mitsui & Co.