Supply of North Sea Forties crude to ease in December

LONDON: Supply of Forties, the largest North Sea crude oil stream, will fall to 406,000 barrels per day (bpd) in December from 420,000 bpd in November, trading sources citing a monthly loading programme said on Monday.

The schedule comprises 21 cargoes of 600,000 barrels each, the same as in October and November.

Supply of Forties was 484,000 bpd in December last year.

Forties, together with the Brent, Oseberg and Ekofisk grades, underpins the dated Brent benchmark price that is used for most of the world's oil trades.