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North Sea Crude-WTI offered higher, others steady


North Sea Crude-WTI offered higher, others steady

U.S. WTI Midland crude differentials were steady on Friday after sellers raised their offers but buying interest did not follow suit, while North Sea grades were unchanged after a lack of pricing indications.

PLATTS WINDOW

* Indications are on a free-on-board (FOB) basis unless marked as cost, insurance and freight (CIF) or delivered at place (DAP).

* WTI Midland: Unipec offered and withdrew a CIF Rotterdam Sept. 28-Oct. 2 cargo at dated Brent plus $3.00, higher than Thursday's value of dated plus $2.75. There were two other offers, one of which was the same and the other at plus $3.15.

* In the absence of higher bids, WTI Midland's value is steady at dated Brent plus $2.75, equal to around dated plus $1.84 on a FOB equivalent basis, Reuters calculations showed.

* With no bids or offers of North Sea grades that are part of the Brent benchmark, WTI remained the cheapest grade underpinning the benchmark on Friday.

Source: Reuters (Reporting by Alex Lawler; Editing by Kirsten Donovan)

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