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Glencore sells WTI Midland crude to Total, Moeve

Created at 1 Jun · 7:06 PM2 sources2 events
IN SHORT

Glencore has sold one cargo of WTI Midland crude oil to Total and another to Moeve, with both transactions observed in the Platts window. This activity highlights the liquidity and pricing mechanisms within the U.S. crude export market.

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Who's Involved

Glencore
Seller of WTI Midland crude oil cargoes
Total
Buyer of WTI Midland crude oil cargo
Moeve
Buyer of WTI Midland crude oil cargo

↳ Why This Matters

These trades provide insight into the current demand and pricing dynamics for U.S. crude exports, involving key market participants.

Key facts

  • Glencore sold one WTI Midland crude cargo to Total.
  • Glencore sold one WTI Midland crude cargo to Moeve.
  • The sales were observed in the Platts window.

This transaction reflects ongoing trading activity in the WTI Midland crude market, a key grade for U.S. oil exports. The involvement of major players like Glencore and Total highlights the market's liquidity and the importance of Platts window pricing for such deals.

Frequently asked questions

WTI Midland is a grade of crude oil produced in West Texas, known for its light sweet characteristics, making it suitable for refining into gasoline and diesel.

The Platts window refers to a period during which oil market participants can submit bids and offers, used by S&P Global Commodity Insights (Platts) to assess benchmark prices for crude oil and refined products.

Glencore is a global commodity trading and mining company. TotalEnergies is a major integrated energy company. Moeve is a commodity trading firm.

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Cadence
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How It Developed

2 Jun · 2:33 PM
Turkey is in talks with Russia's Gazprom to extend a natural gas supply deal expiring this year.
@anasalhajji via PiQSuite
1 Jun · 6:58 PM
Glencore sold one WTI Midland cargo each to Total and Moeve in the Platts window, according to Bloomberg.
@staunovo via PiQSuite

Sources

T1
RT @AdiSurreyEnergy: Bloomberg Glencore sold one WTI Midland cargo each to Total and Moeve in the Platts window. Observed flows of main No…@staunovo via PiQSuite
T1
RT @Attaqa0: عاجل تركيا تتفاوض مع شركة غازبروم الروسية لتمديد اتفاق توريد الغاز الطبيعي - العقد الحالي ينتهي هذا العام المصدر - بلومبرغ…@anasalhajji via PiQSuite

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