North Sea crude differentials were steady on Friday with the sole pricing indication being a Forties offer above the previous traded value.

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.

Forties: Equinor offered Feb. 4-6 at dated Brent plus $1.30, above Thursday’s assessment of dated plus $1.12.

WTI Midland: No indications on Friday and valued at around dated Brent plus $1.05 FOB, according to Reuters calculations.

This makes WTI still the lowest priced grade underpinning dated Brent and it therefore sets the benchmark.
Source: Reuters (Reporting by Alex Lawler, Editing by Jane Merriman)