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

Turkey Objects to Greece’s Chevron Energy Deal in Eastern Mediterranean

Turkey Objects to Greece’s Che

MOL’s Geoinform, Baker Hughes Team Up for Oil and Gas Tech

MOL’s Geoinform, Baker Hughes

MISC Secures Long-Term Charter for Papua New Guinea's First FSO

MISC Secures Long-Term Charter

Akrake Achieves First Oil at Sèmè Field as Parent Firm Reviews Options

Akrake Achieves First Oil at S

Subscribe for OE Digital E‑News

 
Offshore Engineer Magazine