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Forties January Program 329,000 B/D, Up From December - Traders

Date : 12/07/2012 @ 7:56PM
Source : Dow Jones News
Stock : Nexen, Inc. (NXY)
Quote : 27.41  0.0 (0.00%) @ 12:35PM
Nexen share price Chart

Forties January Program 329,000 B/D, Up From December - Traders

Nexen (NYSE:NXY)
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By Cassie Werber

LONDON--The volume of North Sea Forties Blend crude oil available for January rose from December, traders said Friday.

The January loading program is scheduled at 329,000 barrels a day, compared with 310,000 barrels a day in the previous month, the program showed.

January program consists of 17 standard 600,000-barrel cargoes. It is equivalent to a total volume of 10.2 million barrels, up from 9.6 million barrels a day in December.

More than 50 oil fields make up the Forties blend, with the Buzzard field the largest component field, operated by Canadian energy company Nexen Inc. (NXY). The Forties pipeline system is fully owned and operated by BP PLC (BP).

Write to Cassie Werber at cassie.werber@dowjones.com

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