Royal Dutch Shell Plc sold North Sea Forties crude at a higher level than the last trade on Nov. 19. There were no bids or offers for Russian Urals, while Vitol Group didn’t manage to sell Nigerian Qua Iboe in the Platts pricing window.
Trafigura Beheer BV and Total SA withdrew bids for North Sea Ekofisk grade. Iraq plans to cut Basrah Light crude shipments by 9.4 percent in December, a loading program obtained by Bloomberg News showed.
Total SA bought North Sea Forties traded at a higher level than the previous trade. Vitol Group offered Russian Urals blend in the Mediterranean at a discount to Dated Brent, compared with the previous bid of a premium.
BP Plc bought its third North Sea Forties crude cargo for loading in November at a higher price than yesterday. The company also bought a shipment of Oseberg, the first transaction for the grade in four months. No bids or offers were made for Russian Urals blend for a second day.