LONDON: The differential for Forties edged higher on Friday amid light activity and following the minor reduction in flows of the grade.
Crude flows through the Forties pipeline are expected to return to normal over the weekend, a spokesman for pipeline operator Ineos said on Friday, following an issue at the Kinneil plant earlier in the week and an unrelated minor leak.
Traders said that no delays to the Forties loading schedule had been announced for the time being.
Ample supplies in January have kept a lid on further price gains.
WINDOW
Statoil bid for a cargo of Brent Blend at dated Brent plus 45 cents a barrel loading Jan. 5-7.
Statoil bid for a cargo of Forties at dated Brent plus 45 cents a barrel loading Jan. 7-9.
BP withdrew a bid for a cargo of Brent Blend at dated Brent plus 65 cents a barrel loading Jan. 5-7.
Statoil withdrew a bid for a cargo of Ekofisk at dated Brent plus 60 cents a barrel loading Dec. 31 to Jan. 4.
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