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Forties July program 387,000 bopd, down from June


BY CASSIE WERBER

LONDON -- The volume of North Sea Forties Blend crude available for July fell from June, traders said Thursday.

The July loading program is scheduled at 387,000 bopd, compared with 420,000 bopd in the previous month, the program showed.

July' s program consists of 20 standard 600,000-bbl cargoes. It is equivalent to a total volume of 12 million barrels, down from 12.6 MMbbl in June.

More than 50 oil fields make up the Forties blend, with the Buzzard field the largest component field, operated by Canadian energy company Nexen. The Forties pipeline System is fully owned and operated by BP.

Dow Jones Newswires

06/06/2013

 

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