Shell amends SUKO 90 trading terms to allow WTI Midland crude on CIF basis

Shell announced May 23 amendments to its SUKO 90 terms governing forward trades of Brent-Forties-Oseberg-Ekofisk-Troll allowing for the delivery of US WTI Midland crude in a cash BFOE cargo on a CIF basis, meaning the cash seller would be responsible for vessel chartering. The move comes as S&P Global Commodity Insights looks to reflect cargoes of WTI Midland crude oil…