Bloomberg News

Four North Sea Forties Oil December Cargoes Said to Be Deferred

November 17, 2011

Nov. 17 (Bloomberg) -- Four cargoes of North Sea Forties crude for loading in December were delayed, according to three traders with knowledge of the export program.

The shipment with parcel number F1201 was deferred by two days, lot F1203 by one day and lots F1204 and F1208 by four days, the traders said, declining to be identified because the information is confidential. Each consignment is for 600,000 barrels.

Loading programs are monthly schedules of crude shipments compiled by field operators to allow buyers and sellers to plan their supply and trading activities.

--Editors: Raj Rajendran, John Buckley.

To contact the reporter on this story: Sherry Su in London at lsu23@bloomberg.net

To contact the editor responsible for this story: Stephen Voss at sev@bloomberg.net


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