Oil from the Forties in the North Sea could be set to cross the Atlantic for the first time in more than two years, according to traders.
According to reports, commodities house Koch was said to have chartered a tanker to carry British Forties.
The company purchased a cargo in the daily trading window last week, which is expected to load at the end of the month at a discount of 90 cents to the dated Brent price.
At the end of last year it was revealed North Sea Forties crude oil will load at a rate of 455,171 barrels a day in February, down from January’s revised rate of 523,000bpd.
Recommended for you
