off-the-wire

North Sea Crude-May programmes in view, Glencore offers Troll

Kitco Media
By Reuters
Published:
Updated:
Reuters
LONDON, March 28 (Reuters) - North Sea crude loading programmes for May started to be issued on Tuesday while a Glencore offer of Troll was the sole pricing indication in the Platts window.


MAY PROGRAMMES
* The May loading programmes for Troll and Oseberg were issued on Tuesday. Others, including the Forties programme, are expected on Thursday.


PLATTS WINDOW
* Indications are on a free-on-board (FOB) basis unless marked as cost, insurance and freight (CIF) or delivered at place (DAP).
* There were no deals, a trade source said.
* Troll: Glencore offered a CIF Rotterdam cargo for April 9-13 at dated Brent plus $4.40, equal to roughly dated Brent plus $2.79 on an FOB basis, according to Reuters calculations. That was slightly higher than a similar offer on Monday.
(Reporting by Alex Lawler Editing by David Goodman )

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

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