North Sea Crude: Forties Falls to Three-year Low

© davispics / Adobe Stock
© davispics / Adobe Stock

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)

Current News

PBS Extends Maintenance Contract with TotalEnergies for North Sea Assets

PBS Extends Maintenance Contra

Trident Energy Enters Congo’s Oil and Gas Sector with Chevron and TotalEnergies Deals

Trident Energy Enters Congo’s

Sintana Energy Expands Orange Basin Scope Offshore Namibia

Sintana Energy Expands Orange

Hess Sets Date for Shareholder Vote on Chevron Merger

Hess Sets Date for Shareholder

Subscribe for OE Digital E‑News

Offshore Engineer Magazine