North Sea Crude: Forties Falls to Three-year Low

Published

© 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

Venterra Company, CAPE Holland, Awarded Contract for Fengmiao Offshore Wind Farm

Venterra Company, CAPE Holland

Bae Systems Launches Incubator Program to Propel Technologies Beyond Defense

Bae Systems Launches Incubator

DOF Group ASA Contract Award for Well Intervention Services in North America

DOF Group ASA Contract Award f

Jacket Loadout Milestone Completed for BorWin6 Offshore HVDC Platform

Jacket Loadout Milestone Compl

Subscribe for OE Digital E‑News

 
Offshore Engineer Magazine