The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

North Sea Crude-Forties diff firms, Johan Sverdrup launches early

Thu, 05th Sep 2019 18:17

LONDON, Sept 5 (Reuters) - North Sea Forties crude firmed onThursday despite extra supply coming soon and weakening demanddue to lacklustre margins.

* The chief executive of the world's biggest oil trader,Vitol, told Reuters he expects a weaker oil price in the shortterm but does not see sustained levels below $50 a barrel.

* Equinor on Thursday launched a $5 billion sharebuyback and said its Johan Sverdrup oilfield, the largest NorthSea discovery in more than three decades, will come on stream inOctober, a month earlier than planned, lifting its shares.

* Exxon Mobil has agreed to sell its Norwegian oiland gas assets for up to $4 billion, marking the U.S. firm'sexit from production in the country after more than a century,three sources familiar with the matter said on Thursday.

PLATTS WINDOW

* Forties: Litasco offered a cargo at dated Brent flat abarrel loading Sept. 16-18.

* Forties: PetroIneos bid at dated Brent plus 40 centsloading Sept. 30 to Oct. 7.

* Brent Blend: BP withdrew a bid for a cargo at dated Brentminus 10 cents loading Sept. 24-26.

* Forties: BP withdrew a bid at dated Brent minus 10 centsloading Sept. 25-27.(Reporting By Julia Payne; Editing by Elaine Hardcastle)

Related Shares

More News
22 May 2024 21:54

US lawmakers urge Justice Department to probe climate deception by Big Oil

May 22 (Reuters) - U.S. lawmakers behind a congressional probe of major oil companies on Wednesday called on the Justice Department to investigate w...

22 May 2024 02:00

British firms expecting hard time in China market, lobby group warns

BEIJING, May 22 (Reuters) - British firms expect doing business in China to become harder over the next five years, a British business lobby group s...

22 May 2024 00:01

US Cash Products-Chicago RBOB surges after refinery issues

NEW YORK, May 21 (Reuters) - Cash differentials for RBOB gasoline surged on Tuesday after a refinery that has faced operational issues in recent days ...

16 May 2024 17:53

European shares snap nine-day winning streak as Siemens weighs

Roche gains on obesity drug results from early-stage trial *

16 May 2024 17:33

FTSE 100 ends lower on disappointing corporate updates, BT Group soars

BT Group up after CEO aims for more than double free cash flow *

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.