North Sea Crude ‑ WTI Midland differentials rise with BP sale to Petroineos

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LONDON, June 2 (Reuters) - WTI Midland crude differentials rose on Tuesday after BP sold a cargo to Petroineos above previous deal levels.

PLATTS WINDOW

  • Indications are free on board (FOB) unless marked as cost, insurance and freight (CIF) or delivered at place.

  • WTI Midland: BP sold to Petroineos CIF Rotterdam for June 22-26 at dated Brent plus $2.35. On a FOB basis, this equates to plus $1.15, according to Reuters calculations, higher than the plus $1.05 FOB average of two trades on Monday.

  • WTI Midland: Glencore offered CIF Rotterdam for June 25-29 at dated Brent plus $2.90.


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