Page 4 - North Sea Dated News Today

OPEC Revises Oil Demand Growth Upwards Crude Oil Price Movements Spot crude prices fell in April for the first time in six months, with North Sea Dated and WTI easing m-o-m by 1.7% and 1%, respectively. Similarly, the OPEC Reference Basket price declined $1.32, or 2.0%, in April, to settle at $63.24/b. However, year-to-date, the ORB was 41.6%, or $17.91, higher than the same period in 2020 at $60.97/b. Crude oil futures prices fell on both sides of the Atlantic, with the ICE Brent front month d...

West Africas oil exports due for loading next month have struggled to sell, due to weak demand from the region’s regular customers in Asia and Europe and tougher competition from rival suppliers. (Bloomberg) -- West Africa’s oil exports due for loading next month have struggled to sell, due to weak demand from the region’s regular customers in Asia and Europe and tougher competition from rival suppliers. As much as half of Nigeria’s planned crude loadings for May haven’t yet found buy...