Loadings of Johan Sverdrup crude to reach fresh record high in March

Oil

Exports of Johan Sverdrup crude are expected to increase by 42K b/d m-o-m and 377K b/d y-o-y to a record 745K b/d in March, according to Energy Intelligence. Meanwhile, shipments of the five North Sea crude oil grades which comprise the Dated Brent benchmark are also set to edge up by 9K b/d m-o-m to 716K b/d, with loadings of Forties crude rising by 40K b/d m-o-m to a nine-month high of 232K b/d.