Markets

North Sea Crude-Forties stays at discount, Asia demand doubts weigh

Published November 14, 2017 Updated November 14, 2017 08:52pm

Three supertankers of Forties are expected to sail to Asia in November, but traders said a fourth shipment on the VLCC Texas might not, potentially increasing local supply.

In addition, expectations that December may see lower volumes of Forties heading out of the region than in November were pressuring the market, traders said.

Copyright Reuters, 2017