North Sea Forties crude loading set at nine cargoes for April, Ekofisk to load eight cargoes
Newsquawk Staff ·
North Sea Forties crude loading set at nine cargoes for April, Ekofisk to load eight cargoes.
What it means
The announcement of North Sea Forties crude loading set at nine cargoes for April and Ekofisk at eight suggests stable supply levels for these key crude streams. This is important for market participants as it reflects on the overall supply dynamics in the North Sea region, which can impact price levels for WTI and Brent, especially if demand varies from expectations.
- US Weekly Private Energy Inventory Data (bbls): Crude -2.0mln (exp. +0.5mln), Gasoline +2.4mln (exp. -1.3mln), Distillate +0.4mln (exp. -0.9mln), Cushing -0.5mln
- CRUDE WRAP: WTI (Z6) SETTLES USD 1.86 LOWER AT 99.90/BBL; BRENT (F7) SETTLES USD 1.33 LOWER AT 109.41/BBL
- Russian refineries’ crude processing up 25% since drone attacks stopped in mid-October, according to reports, citing sources
- US President Trump says believes I will visit tanker in Texas with Venezuela oil; thinks Secretary of State Rubio will be with him; we are going to accept 1mln bbls of Venezuelan oil
- Russian Deputy PM Novak says domestic refineries are bringing units back online very quickly following maintenance. Russia and the US could begin cooperating on Arctic LNG projects
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