North Sea Forties crude traded lower than the previous deal in the Platts window on Friday, while Norway’s Johan Sverdrup was on offer.

PLATTS WINDOW

Indications are free on board unless marked as cost, insurance and freight or delivered at place.

Forties: TotalEnergies bought a cargo with Dec. 29-31 dates from BP at dated Brent plus 85 cents.

Forties was last traded in the window on Nov. 20, when Trafigura bought a cargo from BP with Dec. 12-14 dates at dated Brent plus $1.15 FOB.

Johan Sverdrup: Equinor offered a Dec. 11-15 cargo at dated minus $2.10 CIF Rotterdam.

On Thursday, BP bought two Sverdrup cargoes from Equinor, one with Dec. 14-18 dates at dated Brent minus $2.00 CIF Rotterdam, and one with Dec. 12-16 dates at dated Brent minus $2.30 CIF Rotterdam.

Johan Sverdrup is not one of the grades underpinning the dated Brent benchmark.
Source: Reuters (Reporting by Robert Harvey; Editing by Mohammed Safi Shamsi)