North Sea Crude-WTI rises slightly, July programmes in focus

Reuters
2025/05/30
North Sea Crude-WTI rises slightly, July programmes in focus

LONDON, May 29 (Reuters) - U.S. WTI Midland crude differentials rose on Thursday while North Sea loading programmes showed a sizeable rise in supply of benchmark grades for July.

JULY PROGRAMMES

* Supply of the five North Sea crude oil grades underpinning the dated Brent benchmark will average about 565,000 barrels per day in July, compared to 350,000 bpd in June, loading programmes showed on Thursday.

PLATTS WINDOW

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

* One cargo traded, a source said.

* WTI Midland: Total bought from Phillips 66 a June 13-17 cargo CIF Rotterdam at dated Brent plus $1.10, or dated Brent plus 11 cents on a FOB basis, according to Reuters calculations.

* That was up 5 cents from an offer on Thursday.

* There were no indications for North Sea benchmark grades.

(Reporting by Alex Lawler; Editing by Shailesh Kuber)

((Alex.Lawler@thomsonreuters.com))

NORTH SEA CRUDE OIL DIFFERENTIALS AND OUTRIGHT PRICES: 
                    0#BFO-DIF     0#C-E 
Dated BFO       BFO- 
Brent           BFO-BRT       BFO-E 
Forties         BFO-FOT       FOT-E 
Oseberg         BFO-OSE       OSE-E 
Ekofisk         BFO-EKO       EKO-E 
 Monthly North Sea crude loading programmes     O/LOAD 
 OPEC OPEC                NSEA  North Sea 
 CRU  crude oil           PROD  oil products 
 DRV  derivatives         PRO/E European products 
  OILOIL  NYMOIL, IPEOIL, OILSPD, OILARB 
CRDWLDPRODEUR, PRODUS, APROD 
ENERGY energy speed guide   CRUDE/1 crude speed guide

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