Our team of skilled analysts, by utilising the depth and breadth of Onyx's market knowledge, grants us an unparalleled perspective in the market, enabling us to identify and report emerging trends.

The Officials: Watch out for the whirlpool!

2 min read

06 December 2024: 16:30 GMT

THE RUSSIANS ARE BACK!! Watch out North Sea guys, they are coming and are hungry! In the window, Litasco picked up a Midland from Gunvor for 6-10 Jan at Dated +$1.95. Other than that, it was back to normal December service. After the caginess in yesterday’s window, the tantalising trio wasted no time in getting down to business today. No sooner had Equinor offered Forties than Trafi gobbled it up, earning itself a 4-6 Jan at Dated +$1.45. Trafi also got a Ekofisk for 30 Dec – 1 Jan at Dated +$1. Totsa was back with its old comrades, buying a 29 Dec-2 Jan Midland at $1.95 over Dated. Once Totsa had lifted the first Midland from Equinor, the mighty Vikings pulled back and withdrew their other Midland cargo. Evidently, they just wanted to get one off their hands. Totsa wasn’t satisfied with only one Midland, and also collected a 24-26 Dec Troll (a rare find in the window) at Dated +$2.25 and a 20-22 Dec Oseberg at Dated +$2.05, both from Equinor. Equinor was also offering its Johan Sverdrup again, but nobody could work up the interest to take that one off their hands. The North Sea trifecta has dominated the window this week and we’re wondering if they can keep it up deeper into December. BP’s been bullied out after its dip into the Sea yesterday This week we have seen 19 cargoes done, wow!

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Our team of skilled analysts, by utilising the depth and breadth of Onyx's market knowledge, grants us an unparalleled perspective in the market, enabling us to identify and report emerging trends.