Firering Strategic Minerals: From explorer to producer. Watch the video 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
15 Jun 2024 00:04

Crew evacuated from Greek-owned vessel hit by Houthis

MANILA/LONDON, June 14 (Reuters) - The crew of a Greek-owned vessel damaged in an attack by Yemeni Houthi militants has been evacuated, and the aban...

13 Jun 2024 16:22

Ukraine agrees on first LNG supply deal with US company Venture Global

June 13 (Reuters) - Ukraine signed on Thursday its first liquefied natural gas (LNG) deal with a U.S. company to help to avert an energy supply crun...

11 Jun 2024 16:00

Woodside's Sangomar project produces first oil in Senegal

DAKAR, June 11 (Reuters) - Senegal's Sangomar oil and gas field has produced its first oil, operator Woodside Energy said on Tuesday, adding that th...

11 Jun 2024 13:31

OPEC keeps global oil demand forecasts unchanged

(Sharecast News) - The Organisation of the Petroleum Exporting Countries kept its short-term global oil demand forecasts unchanged.

10 Jun 2024 23:46

Sector movers: Oil majors catch a bid after nearly a month of share price declines

(Sharecast News) - Oil & Gas shares caught a bid on Monday, tracking a rebound in oil prices after about two month's of losses, despite strength in th...

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.