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

Inpex-Led Bonaparte CCS Project Gets Australian Offshore Storage Approval

Seadrill Secures Offshore Drilling Deals Across Four Countries

Murphy Oil Finds More Oil Offshore Vietnam, Côte d'Ivoire

Oil Caught Between Trump's Russia Supply Push and Middle East Risks

Indonesia Picks Winners for Six Oil and Gas Blocks, Puts Eight More on Offer

MODEC, Eld Energy Advance Fuel Cell Power for FPSOs

TPAO Eyes Karabakh Offshore Expansion with SOCAR

Energean’s Profit Rises as Israeli Gas Operations Recover

Saipem Bags Commissioning Contract for Türkiye-Bound FPU

PTTEP, Petronas Ink 35-Year Malaysia-Thailand Gas Deals

Current News

Inpex-Led Bonaparte CCS Project Gets Australian Offshore Storage Approval

Seascape Energy Expands Temaris Gas Acreage Offshore Malaysia

Oil Markets Brace for Years of High Prices as Iran War Drags On

Seadrill Secures Offshore Drilling Deals Across Four Countries

Jack-Up Rig Arrives in Indonesia for Conrad Asia Energy's MOPU Conversion

Murphy Oil Finds More Oil Offshore Vietnam, Côte d'Ivoire

Oil Caught Between Trump's Russia Supply Push and Middle East Risks

Eni Agrees Indonesian Gas Asset Sales to Pertamina and Medco

Riyadh Attacks Disrupt Oil Majors' Summit Plans

Iran Weighs US Response as Hormuz Reopening Talks Stall

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com