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Things are getting really tight in the Atlantic Basin:
"Johan Sverdrup, one of the most suitable grades to replace Middle East crude, was offered at a record of $33-$35/bbl above Dated Brent."
Bloomberg
Vitol bought two WTI Midland cargoes in the Platts window. The level of offers for some N. Sea grades is skyrocketing as the shutdown of a key Saudi pipeline roils the physical market.
PLATTS:
WTI Midland, CIF: Vitol bought Oct. 11-15 from Glencore at Dated +$18.30/bbl,
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