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North Sea Crude-WTI edges up

Monday, 03 March 2025 | 01:00

U.S. WTI crude differentials edged up on Friday after bids and offers were posted in the Platts window, while there was no discussion on North Sea grades.

MARCH PROGRAMMES

* Supply of the five North Sea crude oil grades underpinning the dated Brent benchmark will average about 560,000 barrels per day in April, compared with 565,000 bpd in March, loading programmes showed.

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: Total bid for March 16-20 at dated Brent plus $1.40 and Mercuria offered March 12-16 at the same level, both CIF Rotterdam. This was up 5 cents from an offer on Thursday and equal to dated Brent plus 50 cents on a FOB basis, according to Reuters calculations.
Source: Reuters

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