Advertisement
Singapore markets closed
  • Straits Times Index

    3,332.80
    -10.55 (-0.32%)
     
  • Nikkei

    39,583.08
    +241.54 (+0.61%)
     
  • Hang Seng

    17,718.61
    +2.14 (+0.01%)
     
  • FTSE 100

    8,164.12
    -15.56 (-0.19%)
     
  • Bitcoin USD

    60,685.77
    +34.90 (+0.06%)
     
  • CMC Crypto 200

    1,261.09
    -22.74 (-1.77%)
     
  • S&P 500

    5,460.48
    -22.39 (-0.41%)
     
  • Dow

    39,118.86
    -45.20 (-0.12%)
     
  • Nasdaq

    17,732.60
    -126.08 (-0.71%)
     
  • Gold

    2,336.90
    +0.30 (+0.01%)
     
  • Crude Oil

    81.46
    -0.28 (-0.34%)
     
  • 10-Yr Bond

    4.3430
    +0.0550 (+1.28%)
     
  • FTSE Bursa Malaysia

    1,590.09
    +5.15 (+0.32%)
     
  • Jakarta Composite Index

    7,063.58
    +95.63 (+1.37%)
     
  • PSE Index

    6,411.91
    +21.33 (+0.33%)
     

North Sea Crude- Trafigura buys Forties, programmes in focus

LONDON, June 27 (Reuters) - North Sea Forties crude differentials rose on Thursday after Trafigura bought a cargo and made a higher bid, while U.S. WTI Midland weakened further. PROGRAMMES * August loading programmes for Forties and Ekofisk emerged on Thursday, pointing to tighter and steady supply respectively. PLATTS WINDOW * Indications are on a free-on-board (FOB) basis unless marked as cost, insurance and freight (CIF) or delivered at place (DAP). * Forties: Trafigura bought from Total CIF Rotterdam July 9-13 at dated Brent plus $2.60, equating to around dated plus $1.32 on a FOB basis, according to Reuters calculations. * Forties: Trafigura bid July 7-24 at dated Brent plus $1.50, resulting in an average of dated plus $1.44 for Forties, up from Wednesday. * WTI Midland: Trafigura bid CIF Rotterdam July 16-21 at dated plus $2.20 and there were offers from Glencore and Aramco at dated plus $2.40. * The mid point of dated plus $2.30 equated to around dated plus $1.14 on a FOB basis, according to Reuters calculations, cheaper than the Forties value. (Reporting by Alex Lawler; Editing by Alexander Smith)