Sodel Vladyslav/Shutterstock Brent, Forties, Oseberg, Ekofisk and Troll (BFOET) crude exports comprising dated Brent are down 5.7% on the year at 660,000 barrels per day, coinciding with a dip in refining demand during maintenance season.The regional market has reached the satiation point, and buying interest is slowly warming up, but gasoline crack spreads ahead of driving season are soft.The inclusion of US West Texas Intermediate (WTI) Midland crude in dated Brent from June 2023 is posing new challenges as technical details get ironed out. Save for later Print Download Share LinkedIn Twitter The North Sea trade has been very slow to exhibit a more bullish mood given that the crude market is well-supplied and European product stocks are high.
