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UK Money News


North Sea Crude-Brent rises, Forties loadings to drop in Feb

Fri, 30th Dec 2016 13:46


LONDON, Dec 30 (Reuters) - North Sea Brent crude differentials rose on Friday supported by demand from Unipec despite a lower offer from Vitol while Forties was little changed.

The Forties loading programme was issued and shows a drop in supplies in February.

BFOE PROGRAMMES

* The Forties stream will load about 471,000 barrels per day (bpd) in February, two trade sources said on Friday, down from January's initial plan of 503,000 bpd.

Loading programmes for Ekofisk and Brent crude are thought likely to be issued on Jan. 3.

WINDOW SUMMARY

* Brent: BP sold to Unipec a cargo loading on Jan. 17-19 at dated Brent minus 10 cents. Vitol offered a Jan. 13-15 cargo at dated minus 50 cents. The average of the two indications values Brent higher than on Thursday.

* Forties: Unipec bid for a cargo loading on Jan. 20-25 at dated Brent minus 15 cents, in line with a a deal on Thursday at dated minus 10 cents. (Reporting by Alex Lawler; editing by David Clarke)



(c) Copyright Thomson Reuters 2016. Click For Restrictions - http://about.reuters.com/fulllegal.asp




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