Posts tagged 'bfoe'

Why the Brent oil market just got some slack

The number of cargoes that go towards determining the Dated Brent price is rising.

As Reuters reported on Thursday:

At least nine May cargoes have moved up the North Sea Forties crude programme after stronger-than-expected output from Britain’s Buzzard oilfield, the biggest contributor to the Forties stream.

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A little less Brent…

Ever wondered how much Brent there actually is in a barrel of Brent oil?

Answer: Not very much, and increasingly less. Read more

More on the widening WTI-Brent spread

Reuters is running an interesting story on Thursday that throws further light on the widening WTI-Brent spread, which when we last looked was at $6.42 a barrel.

The newswire claims oil trader Hetco has taken control of the first eight North Sea Forties crude oil cargoes loading in February and two Brent cargoes. Read more