North Sea Johan Sverdrup crude traded lower on Friday, while U.S. WTI Midland prices dropped following a lower offer.

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 was a single deal for Johan Sverdrup.

WTI Midland: Mercuria offered a March 5-9 cargo at dated Brent plus 95 cents CIF Rotterdam.

The offer equated to around dated Brent plus 5 cents on a FOB basis, Reuters calculations showed.

TotalEnergies bought a Johan Sverdrup cargo at dated Brent plus $1.20 on a FOB Mongstad basis, compared with a trade at dated Brent plus $1.70.

On Thursday, Trafigura offered a March 4-8 WTI Midland cargo at dated Brent plus $1.10 CIF Rotterdam.
Source: Reuters