The change in #brent #portfolio from 2013 to 2014 might explain part of the #oil price movement

The benchmark oil portfolio has changed for Forties and mainly for Oseberg which lost aproximately 11% in its BFOE portfolio participation while Ekofisk gained the most part aprox 29%. The size of bubble gives the 2014 portfolio estimation.

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One response to “The change in #brent #portfolio from 2013 to 2014 might explain part of the #oil price movement

  1. The North Sea crude market has seen reduced demand and increased supply in the third quarter of 2014, leaving intense competition between grades. Dated Brent fell from a nine-month high of over $115/b in mid-June, when fears of a cut to Iraqi production boosted prices, to $95/b by late September, its lowest level in more than two years.

    The reduced demand in the US has caused some of the pressure to Brent, as have increasingly in-demand African cargoes becoming available in Europe and reduced demand in Asia. What will it take to pick up demand for Brent, though, and will prices rise in tandem?

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