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North Sea Gullfaks Crude Exports to Rise to Seven Cargoes in May

Exports of North Sea Gullfaks will increase to seven cargoes of 800,000 barrels each next month after two end-April shipments were deferred to May, loading programs obtained by Bloomberg News show.

Exports of the grade for this month were reduced to three 855,000-barrel cargoes, the revised plan showed.

Loadings of Statfjord will increase to five cargoes of 855,000 barrels each, including one deferred from April, according to a separate schedule. Exports for April were cut to three 855,000-barrel lots.

Loading programs are monthly schedules of crude shipments compiled by field operators to allow buyers and sellers to plan their supply and trading activities.

To contact the reporter on this story: Sherry Su in London at lsu23@bloomberg.net

To contact the editor responsible for this story: Stephen Voss at sev@bloomberg.net

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