LONDON, April 29 (Reuters) - U.S. WTI crude differentials weakened on Tuesday as buyers again stayed on the sidelines, while North Sea loading programmes showed a drop in June supply.
JUNE PROGRAMS
* North Sea daily oil output in June is set to fall by nearly 14% compared with May, according to Reuters calculations based on loading programs provided by trade sources.
* The drop will mainly be driven by a sharp fall in Ekofisk loadings, which are pencilled in at just one cargo in June.
GRANGEMOUTH REFINERY
* Scotland's only oil refinery ceased crude oil processing as of Tuesday, operator Petroineos said, as the site transitions to an import terminal.
* The Grangemouth refinery mainly processed crude from the North Sea, to which it is connected via the Forties pipeline.
PLATTS WINDOW
* Indications are on a free-on-board (FOB) basis unless marked as cost, insurance and freight $(CIF)$ or delivered at place (DAP).
* Gunvor, Chevron, Exxon and Aramco offered cargoes in the window, a trade source said.
* WTI Midland: Exxon offered May 15-19 at dated Brent plus +1.00 CIF Rotterdam, down 40 cents from an offer on Monday.
* That is equal to roughly dated Brent minus 12 cents on an FOB basis according to Reuters calculations, down from plus 29 cents on Monday.
(Reporting by Alex Lawler; Editing by Sahal Muhammed)
((alex.lawler@thomsonreuters.com; Twitter/X: @AlexLawler100))
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