By Alexander Kwiatkowski
Feb. 23 (Bloomberg) -- North Sea Forties crude fell after BP Plc, Europe’s second biggest oil company, sold Total SA a second shipment in as many days.
A cargo of Forties loading in 10 to 23 days cost 5 cents a barrel less than Dated Brent, according to data compiled by Bloomberg. That compares with a premium of 13 cents on Feb. 20.
BP sold a shipment to France’s biggest oil producer on Feb. 19 for loading between March 8 and March 10 at 85 cents below the cash cost of North Sea oil for April, the companies said.
Reported trades, bids and offers of North Sea oil typically occur during a “trading window” that ends daily at 4:30 p.m.
Dated Brent was at $39.96 a barrel today, down 0.9 percent, according to Bloomberg data.
To contact the reporter on this story: Alexander Kwiatkowski in London at akwiatkowsk2@bloomberg.net
Posts
No comments:
Post a Comment