North Sea Crude-WTI Midland diffs in Europe tick up, Johan Sverdrup slumps
North Sea Crude-WTI Midland diffs in Europe tick up, Johan Sverdrup slumps Oct 1 (Reuters) - US WTI Midland crude oil differentials ticked up in Europe on Thursday on two bids from Vitol, while BP offered a Johan Sverdrup cargo at a markedly lower price than earlier in the week.
PLATTS WINDOW
Indications are free on board unless marked as cost, insurance and freight or delivered at place.
No deals were done.
WTI Midland: Vitol bids for Oct 28-Nov 1 at dated Brent plus $18.10 CIF Rotterdam and for Oct 18-22 at plus $19.40 CIF Rotterdam.
On average, this equates to plus $18.75 CIF or $15.53 FOB, according to Reuters calculations.
In the previous session three cargoes of WTI Midland changed hands for an average of plus $17.65 CIF or $14.45 FOB.
Johan Sverdrup: BP offers for Oct 20-22 at dated Brent plus $14.40. On Monday, BP offered an October 18-20 cargo at dated Brent plus $23.30 FOB Mongstad.
(Reporting by Reuters; Editing by Elaine Hardcastle)