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North Sea Crude-Forties steady, Asia shipments in focus LONDON: North Sea Forties crude differentials held steady on Friday, supported by pending and potential VLCC shipments to Asia which would reduce supplies in northwest Europe. Vitol has booked the VLCC Seeb for a shipment to South Korea and GS Caltex is understood to be the buyer, according to market sources.The vessel is anchored offshore Hound Point in the Firth of Forth waiting to load, according to shipping data. Another could be on the way as shipping fixtures indicate Total's shipping arm has an option on the VLCC Antarctica to load Forties at Hound Point for South Korea around Oct. 5. There was no further update on the status of the Buzzard oilfield, the largest contributor to Forties supply, on Friday.Buzzard's operator, Nexen, said on Wednesday it had resumed oil exports following its latest output hiccup. FORTIES:No cargoes traded. Total bid for Forties loading on Oct. 7-9 at dated Brent ...
Oil prices steady at end of volatile week LONDON: World oil prices steadied on Friday after Brent crude had this week hit a two-year low point against a backdrop of solid supplies and dampening demand growth.Brent North Sea crude for delivery in November edged up six cents to stand at $97.76 a barrel around midday in London. US benchmark West Texas Intermediate for October eased 22 cents to $92.85 a barrel."Brent is trading somewhat more firmly than a week ago after some extremely ...
Oil prices dip LONDON: Crude oil prices eased on Thursday as financial markets focused on Scotland's independent vote, while reacting to US data and uncertainty over OPEC's production outlook.US benchmark West Texas Intermediate for delivery in October dipped eight cents to $94.34 a barrel. Brent North Sea crude for November slipped 12 cents to stand at $98.85 a barrel in London afternoon deals."The nervousness is likely to remain on the market in the short term," said Commerzbank analysts ...
Oil drops towards $97 despite talk of lower OPEC output LONDON: Brent crude slipped towards $97 a barrel on Friday, not far above 26-month lows reached at the start of the week, despite signs oil producers may cut production to arrest price falls. Brent hit its lowest point since July 2012 on Monday as oil supply overwhelmed lacklustre demand in Europe and Asia with a glut of high-quality, light oil pushing North Sea crude for immediate delivery to big discounts below futures. But OPEC's secretary-general ...
UK gas prompt prices rise, eyes on Scotland and sterling LONDON: Prompt natural gas prices in Britain rose on Thursday morning on the back of an undersupplied system.Prices for within-day delivery were trading at 49.95 pence per therm at 0948 GMT, up 0.95 pence or since their last settlement. Prices for delivery on Friday were up 0.80 pence at 49.80 pence per therm.With supply flows at about 146.7 million cubic metres (mcm) per day on Thursday and demand expected to be about 159.1 mcm, the ...

 





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