North Sea Crude-Troll dips on cheaper cargo offered by Glencore

Kitco Media
By Reuters
Published:
Updated:
Reuters
LONDON, March 22 (Reuters) - North Sea Troll crude differentials inched down on Wednesday, a day after reaching a 10-day high, on the back of cheaper cargo offered by Glencore, while no buyers or sellers of other grades emerged.

* UK's Unite the union on Wednesday said its members at BP's Petrofac-run oil and gas sites have voted to support a strike over pay, meaning 1,500 offshore workers across British North Sea could be on strike within weeks.
* The BP Petrofac installations set to be hit by strike action include Andrew, Clair, Clair Ridge, ETAP, and the Glen Lyon floating production, storage and offloading (FPSO) facility.
* Offshore workers employed by Sparrows Offshore Services on BP's North Sea installations have called off strike action after securing an extra three weeks paid leave on BP assets, British union Unite said on Tuesday.
* Prices of North Sea crude grades have recently come under pressure from almost two weeks of strike action in France that continued on Tuesday.
* Thirty eight percent of TotalEnergies' operational staff at the oil major's French refineries and depots were on strike Wednesday morning, a spokesperson said.
* The production situation at the group's refineries was unchanged, with the Gonfreville refinery in Normandy shut down.



PLATTS WINDOW
* Indications are on a free-on-board (FOB) basis unless marked as cost, insurance and freight (CIF) or delivered at place (DAP).
* Troll: Glencore offers at dated Brent plus 2.60 loading April 1-3.
* Troll: Glencore offers CIF Rotterdam at dated Brent plus $4.45 loading April 6-10. This equates to plus $2.91 on a FOB basis, according to Reuters calculations. (Reporting by Shadia Nasralla; Editing by Richard Chang)

Reuters Messaging: shadia.nasralla.reuters.com@reuters.net))

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