By Alexander Kwiatkowski
Sept. 9 (Bloomberg) -- Daily shipments of North Sea Brent crude, part of the price benchmark for almost two-thirds of the world's oil, will fall 2.4 percent in October.
Tankers are set to load 157,419 barrels a day of Brent crude next month, down from 161,233 barrels a day scheduled for September, according to three traders of North Sea crude with knowledge of the loading schedule.
A total of 4.88 million barrels will be shipped in October, compared with 4.84 million barrels in September. The daily rate is higher in September because October is a longer month.
Brent is one of the four North Sea oil varieties used to price crude from the Middle East, Africa and Russia. The other grades are Forties, operated by BP Plc, StatoilHydro ASA's Oseberg blend and ConocoPhillips's Ekofisk.
To contact the reporter on this story: Alexander Kwiatkowski in London at akwiatkowsk2@bloomberg.net
Tuesday, September 9, 2008
North Sea Brent Crude Daily Shipments to Fall 2.4% in October
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