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North Sea Crude Loadings Set To Rise In April

Oil

North Sea crude oil loadings in April are scheduled to increase by 34K b/d m-o-m to 1.80M b/d, Energy Intelligence reports, citing loading schedules. Robust loadings from Norway and the UK combined with regional refinery maintenance were also noted be putting downward pressure on regional crude prices.  Around 344K b/d of UK refinery capacity is estimated to be undergoing turnarounds this month.