North Sea Brent Oil Daily Shipments Will Fall 8% in February

(Bloomberg) — Daily shipments of North Sea Brent crude, part of the price benchmark for almost two-thirds of the world’s oil, will fall by about 8 percent in February.

Tankers are set to load 184,552 barrels a day of Brent crude in February, down from 200,645 barrels a day scheduled for January, according to the loading program of field operator Royal Dutch Shell Plc, Europe’s largest oil company.


A total of 5.35 million barrels will be shipped next month, compared with 6.22 million barrels in January.

Brent is one of the four North Sea oil varieties used to price crude from the Middle East, Africa and Russia. The other grades are Forties produced by BP Plc, Norsk Hydro ASA’s Oseberg blend and ConocoPhillips’s Ekofisk.