Economic Calendar

Friday, November 7, 2008

North Sea Brent Crude Daily Shipments to Rise 11%

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By Alexander Kwiatkowski

(Corrects to December in third paragraph.)

Nov. 7 (Bloomberg) -- Daily shipments of North Sea Brent crude, part of the price benchmark for almost two-thirds of the world's oil, will rise 11 percent in December.

Tankers are set to load 159,484 barrels a day of Brent crude next month, compared with 144,000 barrels a day scheduled for November, according to the loading schedule.

A total of 4.94 million barrels will be shipped in December, compared with 4.32 million barrels in November.

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




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