North Sea Forties Weakens After Loadings Increase for February
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North Sea Forties crude premium to Dated Brent weakened after loading programs showed an almost 12 percent increase in February shipments of the four grades that make up the benchmark.
Statoil ASA sold one cargo of Forties for loading Jan. 29 to Jan. 31 to Trafigura Beheer BV at a premium of 15 cents a barrel to Dated Brent, according to traders involved in North Sea transactions. Royal Dutch Shell Plc bought one Forties cargo from Total SA at a premium of 55 cents on Jan. 7.