North Sea BFOE crude oil supply to fall in November

LONDON: Supply of the four North Sea crude oils that underpin the dated Brent benchmark will fall in November, according to monthly loading programmes.

Output of Brent, Forties, Oseberg and Ekofisk (BFOE) is scheduled to average 800,000 barrels per day (bpd) next month, down from 870,000 bpd in October, having recovered from August's three-year low of 716,000 bpd.

Year-on-year BFOE supply is expected to fall by 10 percent.

The following table lists output in November of the four major grades in barrels per day (bpd).