North Sea crude differentials were steady on Friday with Equnior’s three Johan Sverdrup cargoes not tempting buyers, while Trafigura withdrew another low bid for a U.S. WTI Midland cargo.

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 trade source said.

WTI Midland: Trafigura withdrew a bid CIF Rotterdam at dated Brent plus $2.55 for Dec. 5-9. On a FOB basis, this equates to around dated Brent plus $1.05, according to Reuters calculations.

WTI Midland last traded at dated Brent plus $3.15 CIF Rotterdam last Friday, or at around dated Brent plus $1.65 on an FOB basis according to Reuters calculations.

Johan Sverdrup: Equinor offered three cargoes CIF Rotterdam at dated Brent minus 70 cents, while no bids were seen. These were at the same level as CIF offers made on Tuesday.
Source: Reuters (Reporting by Alex Lawler, Editing by Kirsten Donovan)