off-the-wire

North Sea Crude-TotalEnergies' demand supports Brent, Ekofisk, Forties

Kitco Media
By Reuters
Published:
Updated:
Reuters
LONDON, April 14 (Reuters) - North Sea crude differentials for Brent, Ekofisk and Forties grades rose on Friday on the back of buying interest from TotalEnergies ahead of possible strike action and as the firm's French refineries return to operation.



* British union Unite said on Friday that some 70 workers employed by TotalEnergies based on the Elgin Franklin and North Alwyn platforms along with the Shetland Gas Plant were being balloted for strike action.
* Unite last week announced that 1,350 offshore workers across five companies would take strike action from April 24 until April 26.
* TotalEnergies is also increasing production at its French refineries, which had been hit by weeks of strike action.



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, according to two trade sources.
* Forties: TotalEnergies bid for a cargo at a $1.35 premium to dated Brent, loading May 1-3.


* Ekofisk: TotalEnergies bid for a cargo at a $2.50 premium to dated Brent, loading May 1-3.


* Ekofisk: TotalEnergies bid for a cargo at dated Brent plus $2.55, loading May 14-17.


* Brent: TotalEnergies bid for a cargo at dated Brent plus $1.40, loading May 7-9.


* Forties: TotalEnergies bid for a cargo at dated Brent plus $1.40, loading May 12-14.


* Oseberg: TotalEnergies bid for a cargo at dated Brent plus $2.85, loading May 7-9.
(Reporting by Rowena Edwards; Editing by Susan Fenton)


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