North Sea Ekofisk crude differentials rose on Friday after a deal, while U.S. WTI Midland and other North Sea grades were steady.
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Indications are on a free-on-board (FOB) basis unless marked as cost, insurance, and freight (CIF) or delivered at place (DAP).
Ekofisk: Total bought from BP, CIF Rotterdam, Nov. 1-3, dated Brent plus 85 cents, up from the last assessment.
WTI Midland: Phillips 66 offered a cargo with Nov. 9-13 dates at dated Brent plus $1.75 CIF Rotterdam, the same as an offer on Thursday.
The offer equated to around dated plus 82 cents on a FOB basis, according to Reuters calculations.
Forties: No indications on Friday and last valued at dated Brent minus 5 cents.
Forties therefore remained the cheapest grade and set the dated Brent value.
Source: Reuters (Reporting by Alex Lawler; Editing by Louise Heavens)