Trafigura Buys Forties Crude; BTC Azeri Exports at 23-Month High

Trafigura Beheer BV bought two North Sea Forties crude cargoes at a higher level than yesterday, taking its tally for the month to eight. Total SA sold CPC Blend at a smaller premium than the previous bid.

Daily exports of Azeri Light crude from Turkish port of Ceyhan jumped to the most in 23 months, according to a loading program obtained by Bloomberg News.

North Sea

Mercuria Energy Trading SA sold the Forties cargoes at 15 cents a barrel more than Dated Brent, compared with a lot it sold yesterday at parity to the benchmark, according to a Bloomberg survey of traders and brokers monitoring the Platts pricing window. Consignment F0117 is for loading on Jan. 23 to Jan. 25 and F0122 for Jan. 24 to Jan. 26.

Brent for February settlement traded at $107.38 a barrel on the ICE Futures Europe exchange at the close of the window, compared with $107.21 in the previous session. The March contract was at $106.98, a discount of 40 cents to February.

Daily exports of the 11 main grades of North Sea crude for loading in February will fall by 0.1 percent, from a 19-month high in January, according to loading programs obtained by Bloomberg News.

Shipments of Brent, Forties, Oseberg, Ekofisk, Statfjord, Gullfaks, Alvheim, Aasgard, DUC, Grane and Troll blends will total about 56.2 million barrels in February, or 2.006 million barrels a day, compared with a revised 2.008 million this month. The tally doesn’t include Flotta crude, as the loading program for the grade has yet to be issued.

Grane loadings will decline to three cargoes of 600,000 barrels each in February, one less than January, according to a loading program obtained by Bloomberg News. The volume is equivalent to 64,286 barrels a day, the least since Oct. 2011.

Urals/Mediterranean

Total sold 85,000 metric tons of CPC Blend for Jan. 20 to Jan. 24 to OAO Lukoil at 25 cents a barrel more than Dated Brent, the survey showed. The grade was last bid at a premium of 85 cents on Dec. 11.

Exports of Azeri Light via the Baku-Tbilisi-Ceyhan pipeline will increase by 5.4 percent to 735,714 barrels a day in February, the most since March 2012, the plan showed. This compares with 697,742 barrels a day this month.

Hellenic Petroleum is scheduled to close a tender today to buy 80,000 tons of Urals for Jan. 15 to Jan. 20 delivery to Greece, said three people who received the document. The result is not available.

Rebels in east Libya, who last year declared the region semi autonomous, said oil companies are eager to buy their crude and offered to protect tankers after the government’s navy blocked one such vessel from loading.

“Companies are fighting to make contracts,” Salem Al Jedran, whose brother Ibrahim is the self-appointed leader of Cyrenaica, Libya’s eastern coastal region, said by phone today. “We will use Es Sider, Hariga and Ras Lanuf,” he said, referring to three of the country’s largest export facilities that have been disrupted since the middle of last year.

The region’s Libyan Oil and Gas Corp. sent a letter to international oil companies yesterday offering to ensure the safety of tankers loading at Es Sider, the biggest port. The notice was distributed days after a vessel was stopped from going to the facility by the central government’s navy. Libyan Prime Minister Ali Zaidan said today that any tanker loading illegally sold crude would be sunk.

West Africa

Thai PTT Pcl issued a tender to buy 600,000 to 1 million barrels of crude for March 1 to March 15 delivery on behalf of IRPC, a Thai refiner and petrochemical maker, according to a document obtained by Bloomberg News. The tender closes at 12 p.m. local time tomorrow, with offers valid until 6 p.m. the following day.

To contact the reporters on this story: Sherry Su in London at lsu23@bloomberg.net; Laura Hurst in London at lhurst3@bloomberg.net

To contact the editor responsible for this story: Stephen Voss at sev@bloomberg.net

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