bob63/Shutterstock Brent, Forties, Oseberg, Ekofisk and Troll (BFOET) crude exports making up the dated Brent pricing basket are up 7.5% on the year at 716,000 b/d.Gasoil stockpiling and a flood of US crude have put downward pressure on the forward curve and left Brent forward prices in shallow contango.Norway has ramped up exports of medium, sour Johan Sverdrup crude to a fresh high, buoyed by higher demand from Northwest Europe refiners. Save for later Print Download Share LinkedIn Twitter North Sea trade is directionless, with sticky Brent levels hovering around $85 per barrel. The forward curve is still showing a shallow contango over the front three weeks, reflecting ample supply of light, sweet crude in Europe. As a result, there is little froth in the spot market, and differentials have barely moved from their previous month’s levels.
