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