rss icon Subscribe
desktop mobile

North Sea Crude-Forties Slips to Lowest Since mid-2017

File Image: CREDIT Fendercare

Posted by Joseph Keefe

North Sea Forties crude differentials weakened on Wednesday to the lowest since mid-2017.

Gunvor sold a cargo from floating storage. Such sales are often seen as a sign of a plentifully supplied market.
PLATTS WINDOW
Forties: Glencore bought from Gunvor a cargo loading on a ship-to-ship transfer basis from the Blue Pride on Feb. 28-March 2 at dated Brent minus 65 cents.
Gunvor also offered a Feb. 25-27 cargo at dated Brent minus 70 cents, meaning on average Forties was worth dated minus 70 cents, equalling the mid-2017 low reached on Monday. (Reporting by Alex Lawler

Feb 14, 2018

 

Contracts

Chinese Steel Mills Chase Iron Ore Contracts with Brazil's Vale

© Fotosenmeer / Adobe Stock

Chinese steel mills and traders are rushing to secure long-term contracts for high-quality iron

MAN Propulsion for 7 Russian Factory Trawlers

(Image: MAN Energy Solutions)

MAN Energy Solutions said it has won the contract to supply propulsion systems for seven new

Austal Awarded Two More Independence-variant LCS

(U.S. Navy photo courtesy of Austal USA)

The U.S. Navy awarded a contract modification to shipbuilder Austal USA to build two additional

Energy

Chevron, ExxonMobil, Occidental Petroleum Join Oil and Gas Climate Initiative

Image: Oil and Gas Climate Initiative

The Oil and Gas Climate Initiative (OGCI) announced three new member companies that together

Goliat Oilfield Shut for Maintenance

(Photo: Eni)

Oil production at Eni's Arctic Goliat field off the coast of Norway was shut on Monday for planned

Iran Floats Surplus Oil as Demand Falls Ahead of US Sanctions

© Kees Smits / MarineTraffic.com

Two tankers carrying Iranian condensate, a type of ultra-light oil, have been floating off the

Maritime Apps