Markets

North Sea Ekofisk crude oil supply to rise in July

Published May 30, 2017 Updated May 30, 2017 11:56am

The July programme contains 14 cargoes of 600,000 barrels each, giving a daily supply rate of 271,000 barrels per day (bpd), compared with 13 cargoes and a daily supply rate of 260,000 barrels bpd in June.

Year-on-year, Ekofisk supply will rise by around 3 percent from around 252,000 bpd in July last year.

Ekofisk, together with Brent itself and the Oseberg and Forties crude streams, underpins the dated Brent benchmark price.

 

 

Copyright Reuters, 2017