off-the-wire

North Sea Crude-Forties strengthens, BP sells cargo

Kitco Media
By Reuters
Published:
Updated:
Reuters
LONDON, Feb 3 (Reuters) - North Sea Forties crude oil differentials strengthened on Friday on stronger bids and offers, while BP sold Petroineos a cargo, according to two trade sources.


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: BP sold Petroineos a cargo CIF Rotterdam for Feb. 19-23, at dated Brent plus 75 cents, equivalent to minus 84 cents on a FOB basis, according to Reuters calculations.


* Forties: Petroineos bid for a cargo loading Feb. 17-22, at dated Brent minus 65 cents.


* Forties: Vitol offered a cargo CIF Rotterdam for Feb. 15-19, at dated Brent plus $1.05, equivalent, to minus 54 cents on a FOB basis, according to Reuters calculations.


* Forties: Vitol offered a cargo loading Feb. 20-22, at dated Brent minus 10 cents.


* Forties: BP withdrew two offers for Feb. 15-19 and 17-19.
(Reporting by Rowena Edwards, Editing by Louise Heavens)


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