North Sea Crude ‑ WTI Midland trades twice

MITSUI & CO.

01/06/2026 17:52

LONDON, June 1  (Reuters) - U.S. WTI Midland crude traded twice in the Platts window on Monday, as North Sea benchmark grades Brent and Forties were also on offer.

PLATTS WINDOW
Indications are free on board (FOB) unless marked as cost, insurance and freight (CIF) or delivered at place.
Two cargoes traded, a market source said.
WTI Midland: TotalEnergies bought a June 20-24 cargo from Glencore at dated Brent plus $2.20 CIF Rotterdam.
WTI Midland: Moeve bought a June 23-27 cargo from Glencore at dated plus $2.45 CIF Rotterdam.
The midpoint of the two deals equated to dated Brent plus $1.05 FOB, Reuters calculations showed.
On Friday, 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.
Forties: Glencore withdrew an offer for a June 21-23 cargo at cash BFOE August plus $3.15. The offer equated to around dated Brent plus 63 cents, Reuters calculations showed.
Brent: BP withdrew an offer for a July 1-3 cargo at cash BFOE August plus $2.70. That offer equated to around dated Brent plus 94 cents, Reuters calculations showed.

 (Reporting by Robert Harvey)
 ((robert.harvey@tr.com))