16 December 2024: 16:30 GMT
Totsa can’t stop, won’t stop. If it were anybody else, it would be noteworthy, but Totsa’s proclivity has set the standard very high. It would be more notable if Totsa were less active. We just wonder when (if) that day will come… As it is, it was back to bidding in the North Sea, looking for another Midland. And Johan Sverdrup too. The hungry Frenchman collected an 8-10 Jan Ekofisk at Dated +$1 from Equinor, the prolific seller of December so far. It also snatched a 12-16 Jan Midland at Dated +$1.60 from Gunvor. Of the massive 34 cargoes traded so far in December’s windows, Totsa has bought 18! Along with its 10 convergences in Dubai, that makes for 17.6 mil bbl across both windows, averaging out to 1.6 mil bbl per trading day!! On track to beat even their own massive haul last month?
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