Brent Crude Shipments Unchanged at Five Cargoes in OctoberSherry Su and Laura Hurst
Exports of North Sea Brent crude for October are planned at five cargoes of 600,000 barrels each, unchanged from this month, according to a loading program obtained by Bloomberg News.
Exports for next month will total 3 million barrels, or 96,774 barrels a day, compared with 100,000 barrels a day for September, the plans showed. Shipments rose to seven consignments in August.
Brent output will be cut this month because of planned maintenance at the Eider and North Cormorant fields, taking about 11,000 barrels a day of crude that feeds into the blend offline. The works started in late August and are due to end in early October, an official at operator Abu Dhabi National Energy Co., known as Taqa, said in an e-mailed response Sept. 2, asking not to be identified citing company policy.
Maintenance at the Fairfield Energy Ltd.-operated Dunlin Alpha platform, which was originally scheduled to begin in late August, was deferred by 5 weeks until Sept. 29, John Wiseman, general manager of the area said on Sept. 2 in an e-mailed response to questions. Approximately 12,000 barrels a day of crude, which feeds into the Brent stream, will be halted.
Brent is one of four North Sea grades that make up the Dated Brent benchmark, which is used to price crude from the Middle East, Africa and Russia. The other blends are Forties, Oseberg and Ekofisk.
Loading programs are monthly schedules of crude shipments compiled by field operators to allow buyers and sellers to plan their supply and trading activities.