Forties Pipelines north sea19 Dec 2017 10:36
A hairline crack which prompted Ineos Group to shut its Forties system on Dec. 11 “has not propagated,” the company said in an email. Repairs are expected to be complete within weeks. Hedge-fund managers have amassed a record number of bullish wagers on London crude prices, creating conditions that could trigger a selloff as the Forties restart date approaches, said Bob Yawger of Mizuho Securities USA.