North Sea Crude-Forties weakens after lower offer

Kitco Media
By Reuters
Published:
Updated:
Reuters
LONDON, Feb 2 (Reuters) - North Sea Forties crude differentials weakened on Thursday after a lower offer, while Petroineos continued to bid after buying two cargoes in the previous session. PLATTS WINDOW
* Indications are on a free-on-board (FOB) basis unless marked as cost, insurance and freight (CIF) or delivered at place (DAP).
* No deals, a trade source said.
* Forties: BP offered and withdrew three CIF cargoes, of which the lowest was a CIF Rotterdam Feb. 15-19 cargo at dated Brent plus 85 cents. This was equal to about dated minus 74 cents on a FOB basis according to Reuters calculations.
* Forties: Petroineos posted two bids, of which the highest was for Feb. 20-22 at dated Brent minus 60 cents.
(Reporting by Alex Lawler, Editing by Kirsten Donovan)

Messaging: alex.lawler.reuters.com@reuters.net))

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