North Sea Oseberg Crude Daily Shipments to Drop 53% in June
Saturday, 09 May 2009
Daily shipments of North Sea Oseberg crude, part of the price benchmark for almost two-thirds of the world’s oil, will decline 53 percent next month. Tankers are set to load 100,000 barrels a day of Oseberg crude in June, down from 214,516 barrels a day planned in May, according to the loading schedule of operator StatoilHydro ASA.
A total of 3 million barrels will be shipped in June, compared with 6.7 million barrels in May. StatoilHydro has said it plans maintenance at the Oseberg fields this June.
Oseberg is one of the four North Sea oil varieties used to price crude from the Middle East, Africa and Russia. The other grades are Brent, operated by Royal Dutch Shell Plc, Forties, operated by BP Plc, and ConocoPhillips’s Ekofisk.
Source: Bloomberg
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