North Sea Crude: Forties Falls to Three-year Low

Monday, November 19, 2018

North Sea Forties crude differentials fell to a three-year low on Monday, pressured by ample prompt supplies and limited demand.

Ekofisk Delays
Some Ekofisk cargoes for loading in November have been delayed by a few days because of unplanned maintenance, trade sources said. Ekofisk Operator ConocoPhillips could not immediately be reached for comment on Monday.

Platts Window
Forties: Shell sold to Vitol a cargo loading Nov. 29-Dec. 1 at dated Brent minus $1.25, down 5 cents from a trade on Friday. That was the lowest since November 2015, Refinitiv Eikon data shows.

Brent: Vitol sold to BP a cargo loading Dec. 5-7 at dated Brent minus 85 cents.


(Reporting by Alex Lawler Editing by David Goodman)

Categories: Finance Energy Offshore Energy Europe Oil Production

Related Stories

Shell Lifts Gas Guidance, Sees Trading Boost

Fincantieri Strikes Four Deals in $687M Underwater Expansion

DNV Updates Seismic Guidance for Offshore Wind

Current News

Baltic Power Offshore Wind Farm Delivers First Electricity to Polish Grid

Eni Enlists OneSubsea for Deepwater Umbilical Supply off Indonesia

Petrobras Concludes Acquisition of São Tomé and Príncipe Offshore Block

Marco Polo, Siemens Gamesa Ink Two-CSOV Framework Agreement

Subscribe for OE Digital E‑News