North Sea Crude ‑ WTI Midland weakens as Glencore sells three cargoes

MITSUI & CO.

19/05/2026 17:40

LONDON, May  19  (Reuters) - North Sea WTI Midland crude differentials weakened on Tuesday as Glencore sold three cargoes while firm bids propped up other grades.

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

Three cargoes traded, a market source said.

WTI Midland: Glencore sold a cargo to Vitol for June 3-7 at dated Brent plus $3.70 CIF Rotterdam.

WTI Midland: Glencore sold to Exxon a cargo for May 31 to June 4 at plus $3.05

WTI Midland: Glencore sold to Total a June 6-10 cargo at dated plus $3.90.

The deal average of dated plus $3.55 equalled dated Brent plus $1.59 FOB basis, down from Monday, Reuters calculations show.

Forties: Shell bid for May 29-31 and June 6-8 at plus $2.20 and plus $2.50 respectively while Exxon bid for June 14-16 at plus $2.55. Gunvor offered a cargo for May 31 to June 2 at plus $2.00 but later withdrew.

Ekofisk: Exxon bid for June 16-18 at plus $4.40.

(Reporting by Alex Lawler
Editing by David Goodman
)