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

Martens en Van Oord Purchases Autonomous Survey Vessel From Demcon unmanned systems

Martens en Van Oord Purchases

Mubadala Hires SLB for Deepwater Drilling Services Offshore Indonesia

Mubadala Hires SLB for Deepwat

Cydome Rolls Out Remote Cybersecurity Tool for Offshore Wind Farms

Cydome Rolls Out Remote Cybers

BW Offshore, McDermott Unveil Blue Ammonia FPSO Concept (Video)

BW Offshore, McDermott Unveil

Subscribe for OE Digital E‑News

 
Offshore Engineer Magazine