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Free AccessSverdrup Loadings Rise to 755k b/d December: Bloomberg
North Sea Sverdrup crude loadings are set to rise to 755k b/d in December – up from 702k b/d in November according to a loading program seen by Bloomberg.
- The program consists of 22 cargoes with a combined volume of 23.4mn bbls in December vs 21 in November for a total of 21.05mn bbls.
- Equinor said in results this week that Sverdrup "operated at plateau with high, efficient production during the third quarter continuing to be the primary driver for the increase in [Norwegian] liquid production in the third quarter and year-to-date.”
- Platts assessed Sverdrup crude at a $1.60/bbl premium to Dated Brent on Oct. 26.
- It’s heavier barrels have been in higher demand as Atlantic refiners aim to replace similar property barrels lost due to OPEC+ cuts while its more distillate yielding properties benefit complex refiners at present.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.