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North Sea BFOE Crude Exports Set To Fall In August

Oil

Exports of the four grades which underpin North Sea Dated Brent crude (Brent, Forties, Ekofisk and Oseberg) in August are set to fall by 136K b/d m-o-m to 716K b/d, the lowest since August 2014, Reuters reports, citing loading schedules. The decline is expected to be driven by lower shipments of Forties crude, with volumes scheduled to drop by 136K b/d from July to 271K b/d.