North Sea Crude ‑ WTI Midland dips as Vitol buys a cargo from Phillips 66

Phillips 66
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LONDON, May 26 (Reuters) - North Sea WTI Midlands crude differentials dipped on Tuesday as Vitol bought a cargo from Phillips 66 below 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: Vitol buys a cargo CIF Rotterdam from Phillips 66 for June 10-14 at dated Brent plus $3.66.

  • This equates to plus $2.23 on a FOB basis, according to Reuters calculations. This compares with previous FOB deal levels of around plus $2.47.

  • WTI Midland: Mercuria bids for June 24-28 CIF Rotterdam at dated Brent plus $3.20.

  • Johan Sverdrup: Total buys from CNOOC for June 23-27 at dated Brent plus $3.55.

  • There was no Platts window on Monday due to a British public holiday.


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