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Forties diffs rise on bid

Monday, 20 February 2023 | 01:00

North Sea Forties crude oil differentials rose on Friday to reflect a bid from Gunvor, while no offers or deals were seen.

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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).

There were no deals according to a trade source.

Forties: Gunvor bid for a cargo loading Mar. 15-20 at dated Brent minus 15 cents.

Ekofisk: TotalEnergies offered a cargo loading Mar. 17-19 at dated Brent plus $3.95.
Source: Reuters

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