North Sea Crude ‑ WTI Midland, Troll offered lower

Phillips 66
Exxon Mobil Corporation
Shell Plc Sponsored ADR

Phillips 66

PSX

0.00

Exxon Mobil Corporation

XOM

0.00

Shell Plc Sponsored ADR

SHEL

0.00

LONDON, May 28 (Reuters) - U.S. WTI Midland was offered lower into North West Europe on Thursday, while North Sea Troll crude was also on offer.

PLATTS WINDOW

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

  • No deals were reported in the Platts window on Thursday, a market source said.

  • WTI Midland: Glencore offered two cargoes, with June 23-27 dates at dated Brent plus $2.90 CIF Rotterdam and June 20-24 dates at dated Brent plus $2.80 CIF Rotterdam.

  • The lower offer equated to dated plus $1.41 on a FOB basis, Reuters calculations showed.

  • WTI Midland was not in the window on Wednesday. On Tuesday, Vitol bought a WTI Midland cargo from Phillips 66 for June 10-14 at dated Brent plus $3.66 CIF Rotterdam.

  • Troll: Phillips 66 offered a June 17-19 cargo at dated Brent plus $5.10, down from the dated plus $6.50 where it offered the same dates on Wednesday.


This page is machine-translated. Sahm tries to improve but does not guarantee the accuracy and reliability of the translation, and will not be liable for any loss or damage caused by any inaccuracy or omission of the translation. *Disclaimer: The above content only represents the author's personal position and opinion and does not represent any position of Sahm Capital Financial Company and Sahm cannot confirm the authenticity, accuracy, and originality of the above content. Investors should consider the risks of investment products in light of their circumstances before making any investment decisions. When necessary, please consult a professional investment advisor. Sahm does not provide any investment advice, nor does it make any commitments and guarantees.