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

Markets: Oil Majors Reload Exploration Hoppers Across Sub-Saharan Africa

Saipem to Sell Saudi Shallow-Water Drilling Business to ADES for $285M

Iran War Sparks Global Rush to Build Strategic Oil Reserves

IEA Expects Gradual Hormuz Recovery, Oversupplied Market in 2027

Kuwait Sees 70% Oil Output Recovery within Two Months of Hormuz Reopening

Indonesia Targets Higher Oil and Gas Output in 2027

Azerbaijan’s Absheron Gas Project Advances with New Sales Agreement

BP Launches Gas Production at Azerbaijan’s Giant ACG Field

Iran Restarts Output at Three South Pars Offshore Gas Platforms

Oil Climbs Above $110 After Gulf Drone Attacks Raise Supply Fears

Current News

Israel Steps Up Mediterranean Gas Search

ADNOC Launches Global LNG Trading Powerhouse

Gastech 2026 to convene global energy leaders in Bangkok as Asia accelerates demand, LNG investment and system transformation

TotalEnergies Sells Malaysia Offshore Gas Field Stake to Inpex

MODEC Advances Construction of Brazil-Bound Gato do Mato FPSO

Oil Hits Four-Month Low After US-Iran Doha Talks

SLB to Support Kuwait Oil's AI and Digital Tech Initiative

Sunda Reviews Timor-Leste Appraisal Plans as New Zealand Deal Advances

TGS Gets Exclusive Rights for Seismic Survey Offshore Brunei

Petronas Unit Probes Cause of Fire at Offshore Platform in Malaysia

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