North Sea Crude-Forties weakens, Troll rises

Kitco Media
By Reuters
Published:
Updated:
Reuters
LONDON, Feb 7 (Reuters) - North Sea Forties crude differentials weakened on Tuesday after an active window session of a bid, offers and a deal, while Troll was again bid higher. 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: Petroineos sold to Shell a CIF Rotterdam cargo for March 1-5 at dated Brent plus $1.25, up 25 cents from a deal on Monday. On an FOB basis, according to Reuters calculations, this equates to minus 31 cents.
* Forties: There were three other withdrawn offers, of which the lowest was from Petroineos for a CIF Rotterdam Feb. 19-23 cargo at dated Brent plus $1.00, which on an FOB basis equated to minus 56 cents according to Reuters calculations.
* Forties: Shell withdrew a bid for March 3-5 at dated Brent parity.
* On average the indications valued Forties at dated minus 29 cents, down from Monday's quote.
* Troll: Equinor bid for a March 4-8 cargo at dated Brent plus $5.10, up 60 cents from a bid on Tuesday.
(Reporting by Alex Lawler, Editing by Emelia Sithole-Matarise)

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

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