Sunday, May 20, 2018

North Sea Crude- Brent Slips to Lowest Since October

Posted by February 15, 2018

© davispics / Adobe Stock

North Sea Brent crude differentials weakened on Thursday to the lowest since October 2017 as Gunvor remained a seller of benchmark grades, while Forties found support from a higher bid.
 
Platts Window
  • Brent: Gunvor sold to Vitol a cargo loading on March 2-4 at dated Brent minus 75 cents, the lowest since Oct. 17 according to Reuters data.
  • Forties: Hartree bid for a March 11-17 cargo at dated Brent plus 15 cents, up from a a deal on Wednesday at dated Brent minus 65 cents. The bid was later withdrawn.
 
Reporting by Alex Lawler

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