North Sea Crude-Weaker, BFOE loadings to rise

Reuters

LONDON, Dec 6 (Reuters) - The supply of North Sea crude that

underpins the Brent benchmark will rise in January including

delayed cargoes, trade sources said on Friday, potentially

weighing on prices.

There were signs on Friday of differentials coming under

pressure from easing buying interest for remaining December

cargoes, despite a storm affecting Ekofisk output and, according

to traders, production problems reducing Brent supply.

Brent is based on four crude streams - Brent itself,

Forties, Oseberg and Ekofisk (BFOE).

Even so, demand in Asia for North Sea crude is continuing to

support the market.

Another January VLCC shipment to take Forties from Hound

Point to South Korea appeared in Thursday's shipping fixtures.

EKOFISK, FORTIES

* ENI sold to Total its Dec. 26-28 Ekofisk cargo at dated

Brent plus $1.30, which was 15 cents below an offer on Thursday.

* On Forties, BP sold to Trafigura a Forties loading on Dec.

17-19 at dated Brent plus 15 cents, down from trades at dated

Brent plus 45 cents and plus 50 cents on Thursday.

JANUARY PROGRAMMES

* Brent, Forties, Oseberg and Ekofisk (BFOE) are expected to

pump 987,000 barrels per day in January including delayed

cargoes, up from 948,000 bpd in December.

* The table below shows the originally scheduled volumes in

bpd loading in December and January, plus the schedules

including known revisions.

Dec Dec Jan Jan

original revised original revised

Brent 135,000 116,000 97,000 116,000

Forties 387,000 387,000 406,000 406,000

Oseberg 155,000 155,000 135,000 135,000

Ekofisk 310,000 290,000 310,000 329,000

TOTAL 987,000 948,000 948,000 987,000

SWAPS

* Click on for the latest contracts-for-difference.

DATABASE

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