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North Sea crude exports to fall to three-month low in September

Oil

Exports of the five North Sea crude oil grades which comprise the Dated Brent benchmark are expected to decline by 135K b/d m-o-m and 120K b/d y-o-y to 600K b/d in September, according to Energy Intelligence. Shipments of Ekofisk crude are forecast to fall by 90K b/d m-o-m to a three-month low of 220K b/d, however exports of Forties crude are set to increase by 46K b/d m-o-m to 220K b/d, rebounding from a fourteen-month low in August.