Norwegian grades to lift Dated Brent supply in January

Oil

Loadings of the five North Sea crude oil grades which comprise the Dated Brent benchmark are set to rise by around 19K b/d m-o-m to 870K b/d in January, according to loading programmes seen by Reuters. Supplies of both the Ekofisk and Oseberg grades are expected to account for this rise, increasing by 20K b/d m-o-m to 252K b/d and 19K b/d to 116K b/d respectively. Loadings of Troll crude are due to fall by 20K b/d to 135K b/d however, with the supply of Forties and Brent grades remaining in line with December levels of 290K b/d and 77K b/d.