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North Sea Brent Crude Oil Daily Shipments to Drop 11% in June

By Alexander Kwiatkowski

May 8 (Bloomberg) -- Daily shipments of North Sea Brent crude, part of the price benchmark for almost two-thirds of the world’s oil, will drop 11 percent in June.

Tankers are set to load 122,267 barrels a day of Brent crude next month, compared with 136,774 barrels a day scheduled for May, according to two traders with knowledge of the loading schedule.

A total of 3.67 million barrels will be shipped in June, compared with 4.24 million barrels in May.

Brent is one of the four North Sea oil varieties used to price crude from the Middle East, Africa and Russia. The other grades are Forties, operated by BP Plc, StatoilHydro ASA’s Oseberg blend and ConocoPhillips’s Ekofisk.

To contact the reporter on this story: Alexander Kwiatkowski in London at akwiatkowsk2@bloomberg.net

Last Updated: May 8, 2009 04:42 EDT

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