off-the-wire

North Sea Crude-Troll, Ekofisk offered lower

Kitco Media
By Reuters
Published:
Updated:
Reuters
LONDON, March 16 (Reuters) - North Sea Ekofisk and Troll crude differentials weakened on Thursday after Glencore trimmed its offers of both grades, resulting in Troll setting the dated Brent value.


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.
* Troll: Glencore offered an April 1-3 cargo at dated Brent plus $2.25.
* Ekofisk: Glencore offered an April 8-10 cargo at dated Brent plus $1.90.
* Both offers were weaker than similar offers on Tuesday. There was no activity on Wednesday.


* Applying the Platts quality premium of $2.86 to the Troll offer makes the grade the cheapest of the five benchmark grades according to Reuters calculations using the Platts figures, so it sets the value of dated Brent. (Reporting by Alex Lawler; Editing by Shailesh Kuber)

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

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