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North Sea Crude-Forties weakens further

Monday, 17 June 2024 | 00:00

North Sea crude differentials slipped further on Friday after a lower offer from Unipec did not draw any buying interest.

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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).

No deals, a trade source said.

Forties: Unipec offered June 27-July 1 at dated Brent plus 45 cents, down 45 cents from an offer on Thursday. The offer equated to around dated minus 97 cents on a FOB basis, according to Reuters calculations.

Forties: Total offered June 30-July 2 at dated Brent parity.
Source: Reuters (Reporting by Alex Lawler; Editing by David Evans)

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