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North Sea Crude-Forties weakens after lower offer

Wednesday, 25 January 2023 | 01:00

North Sea Forties crude differentials weakened on Tuesday to a discount to dated Brent after a lower offer from Vitol.


* 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.

* Forties: Vitol offered two CIF Rotterdam cargoes, of which the lowest was for Feb. 5-9 delivery at dated Brent plus $1.45. That was equal to about dated Brent minus 9 cents, according to Reuters calculations.
Source: Reuters

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