North Sea Crude -Sverdrup hits record, other grades jump on Midest outages

Neste Oyj

13/03/2026 17:37

Fixes typo in headline

LONDON, March 13 (Reuters) - North Sea Johan Sverdrup and other crude differentials jumped on Friday as Middle East supply disruptions boosted demand for alternative grades.

PLATTS WINDOW

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

Johan Sverdrup: Differentials for Sverdrup, one of the North Sea's heavier crudes similar to the types disrupted in the Middle East, rose further. Total and Neste bid up to dated Brent plus $6.80, a level that two trade source said is a record high for the grade.

Forties: Vitol sold April 8-12 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, which would be the highest since 2022 excluding a spike earlier this year.

WTI Midland: Petroineos bid 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. That was higher than Thursday's bid.

 (Reporting by Alex Lawler in London; Editing by Louise Heavens)

 ((alex.lawler@thomsonreuters.com))