North Sea Crude-WTI trades slightly lower

Reuters
2025.08.05 17:39
portai
I'm PortAI, I can summarize articles.

U.S. WTI Midland crude differentials decreased slightly on August 5, with Gunvor purchasing an August 21-25 cargo from Chevron at dated Brent plus $1.55 CIF Rotterdam, lower than BP's sale to TotalEnergies at dated Brent plus $1.60. TotalEnergies also bid for a September 1-5 cargo at the same price as Gunvor's purchase. Additionally, ConocoPhillips offered an Ekofisk cargo at dated Brent plus $1.95 for August 31 to September 2.

LONDON, Aug 5 (Reuters) - U.S. WTI Midland crude differentials edged slightly lower on Tuesday after the grade traded again in the Platts window.

PLATTS WINDOW

  • Indications are free on board (FOB) unless marked as cost, insurance and freight (CIF) or delivered at place (DAP).
  • WTI Midland: Gunvor bought an August 21-25 cargo from Chevron at dated Brent plus $1.55 CIF Rotterdam. That was slightly lower than a cargo sold on Monday by BP to TotalEnergies for August 29 to September 1 at dated Brent plus $1.60 CIF Rotterdam.
  • The Gunvor deal equated to dated Brent plus 56 cents FOB, Reuters calculations showed.
  • WTI Midland: TotalEnergies bid for a cargo for September 1-5 at dated Brent plus $1.55 CIF Rotterdam.
  • Ekofisk: ConocoPhillips offered an August 31 to September 2 cargo at dated Brent plus $1.95.
Source: Reuters The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.