24 April 2025: 16:30 BST
There’s no lifting the foot off the gas in the North Sea, as Trafi picked up yet another trio of cargoes. But this time it’s broadened its palate and picked up one Forties from BP – a cargo for 22-24 May at Dated +$0.85. The main dish was, however, still Midland, of which Trafi collected two from Gunvor for 23-27 and 24-28 May, both at Dated +$1.85. Nine Midland cargoes in 3 sessions, plus one Forties for good measure… that’s 7 mil bbl – equivalent to 3.5 VLCCs! Ekofisk was back on the menu too, as Mitsui bid for 12-14 May at $2 over Dated, whereupon Shell swept in to hit their bid. The physical differential slipped to $1.13.
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