North Sea Crude - Forties and Midland fall, Ekofisk bid higher

Neste Oyj

16/03/2026 17:19

LONDON, March 16 (Reuters) - North Sea Forties and U.S. WTI Midland fell on Monday after selling interest surfaced in the Platts window, while Gullfaks was sought after.

PLATTS WINDOW

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

There were no trades on Monday.

WTI Midland: There were four offers on Monday, the lowest of which was by Vitol for March 28 - April 1 dates at dated Brent plus $1.60 CIF Rotterdam.

WTI Midland: Trafigura bid for WTI Midland with April 7-13 dates at dated plus $2.25 CIF Rotterdam.

The midpoint of the bid and offer was dated plus $1.93 CIF, which equated to around dated plus 13 cents FOB according to Reuters calculations.

On Friday, Petroineos bid for WTI Midland for April 13-17 at dated Brent plus $2.50 on a CIF Rotterdam basis, or dated Brent plus 95 cents on an FOB basis, according to Reuters calculations.

Forties: CNOOC offered March 31 - April 2 at dates plus $1.45.

On Friday, Vitol sold an April 8-12 Forties cargo to Trafigura at dated Brent plus $4.35 on a CIF basis, equal to roughly dated Brent plus $2.62 on an FOB basis according to Reuters calculations.

Ekofisk: Equnior bid for April 5-7 at dated Brent plus $3.70. That is up from where it traded on March 9, at dated plus $2.55.

Gullfaks: Equinor bid for an April 15-17 cargo at dated Brent plus $6.75 CIF Rotterdam. Gullfaks is not one of the grades underpinning the dated Brent benchmark.

 (Reporting by Robert Harvey
Editing by Tomasz Janowski)

 ((robert.harvey@tr.com))