North Sea Crude-WTI Midland steady

Reuters
03-08
North Sea Crude-WTI Midland steady

LONDON, March 7 (Reuters) - U.S. WTI Midland crude differentials were stable on Friday after Phillips 66 tabled a bid in the Platts window that it later withdrew.

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 trader said.

* WTI Midland: Phillips 66 bid for a cargo with April 2-6 dates at dated Brent plus $1.65 CIF Rotterdam, before withdrawing.

* The bid equated to around dated Brent plus 75 cents on a FOB basis, Reuters calculations showed.

* On Thursday, TotalEnergies bid for April 2-6 at the higher differential of dated Brent plus $1.80 CIF Rotterdam.

* There were no price discussions for North Sea grades on Friday in the Platts window.

(Reporting by Robert Harvey; Editing by Kirsten Donovan)

((Robert.Harvey@thomsonreuters.com; +447552256587;))

NORTH SEA CRUDE OIL DIFFERENTIALS AND OUTRIGHT PRICES: 
                    0#BFO-DIF     0#C-E 
Dated BFO       BFO- 
Brent           BFO-BRT       BFO-E 
Forties         BFO-FOT       FOT-E 
Oseberg         BFO-OSE       OSE-E 
Ekofisk         BFO-EKO       EKO-E 
 Monthly North Sea crude loading programmes     O/LOAD 
 OPEC OPEC                NSEA  North Sea 
 CRU  crude oil           PROD  oil products 
 DRV  derivatives         PRO/E European products 
  OILOIL  NYMOIL, IPEOIL, OILSPD, OILARB 
CRDWLDPRODEUR, PRODUS, APROD 
ENERGY energy speed guide   CRUDE/1 crude speed guide

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