Markets

UK Forties oil output below plan, delaying some cargoes

Published August 25, 2017 Updated August 25, 2017 03:22pm

"Production is below plan," one of the sources said. "There are deferrals being offered."

Forties was originally scheduled to load 271,000 barrels per day in August, a lower-than-usual rate due to planned maintenance at offshore oilfields connected to the pipeline.

It is the largest of the four crude oil streams that underpin the Brent benchmark.

 

Copyright Reuters, 2017