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Shell sells two more cargoes

Shell sells two more cargoes
North Sea Forties crude oil differentials weakened further as Shell sold two more cargoes, after offloading three on Tuesday, traders said.

North Sea Forties crude oil differentials weakened further as Shell sold two more cargoes, after offloading three on Tuesday, traders said.

North Sea Forties crude oil differentials weakened further as Shell sold two more cargoes, after offloading three on Tuesday, traders said.

FORTIES FOT-E

Shell sold a Jan. 16-18 loading cargo to BP at dated minus 45 cents, which is 15 cents weaker than a cargo for Jan. 20-22 it sold on Tuesday to Statoil.

Shell also sold BP a Jan. 20-22 loading cargo at dated minus 40 cents.

Shell's activity continued with two more offers, although both were later withdrawn. Shell offered a Feb. 25-27 loading cargo at dated minus 10 cents and a ship-to-ship cargo for Jan. 16-27 dates at dated minus 30 cents.

Vitol offered a Jan. 20-22 loading cargo at dated minus 15 cents.

REFINING MARGINS

Complex refining margins for North Sea Brent in Rotterdam rose to around $2.54, up from $2.00 a barrel on Tuesday and an average of the past five days of $1.80, according to Reuters models.

www.TurkishMaritime.com.tr

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