off-the-wire

UPDATE 1-North Sea Crude-Forties diff falls, benchmark supply to rise in March

Kitco Media
By Reuters
Published:
Updated:
Reuters
(Adds Forties offer) LONDON, Jan 30 (Reuters) - North Sea Forties crude differentials fell on Monday after a deal, while the full benchmark loading programme for March was set to rise.


MARCH PROGRAMMES
* Supply of the five North Sea crude oil grades underpinning the dated Brent benchmark will average about 716,000 barrels per day (bpd) in March, compared with 707,000 bpd in February, loading programmes showed. PLATTS WINDOW
* Indications are on a free-on-board (FOB) basis unless marked as cost, insurance and freight (CIF) or delivered at place (DAP).
* Forties: Vitol sold a cargo to Glencore at dated Brent plus 85 cents cif Rotterdam for Feb. 18-22, or minus 69 cents on an fob basis.


* Forties: Vitol offered a cargo at dated Brent plus 25 cents loading Feb. 25-27.
(Reporting by Julia Payne)


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