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North Sea Crude-No deals as benchmark grades remain steady

Monday, 10 June 2024 | 00:00

North Sea benchmark grades were steady on Friday as no cargoes traded hands and Forties was offered at higher levels than earlier in the week.

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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: Shell offered June 24-28 at dated Brent plus 75 cents on a CIF basis, or dated Brent minus 47 cents FOB according to Reuters calculations.

Forties: Unipec offered June 19-23 at dated Brent plus 85 cents on a CIF basis.

Forties: Glencore offered June 19-21 at dated Brent minus 40 cents.

Oseberg: Equinor offers June 26-28 at dated Brent plus $1.50.

Forties, still valued at dated Brent minus $1.05, remains the cheapest grade of the six setting the dated Brent price.
Source: Reuters (Reporting by Noah Browning; Editing by Andrea Ricci)

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