Forties quality variations to spur volatility

摘要

Forties crude in floating storage and the stream's variable quality during field maintenance will make prices for the marker grade more volatile this summer.North Sea producers and trading firms have put 14mn-18mn bl of Forties into floating storage because of the market's contango structure - prompt supplies at discounts to forward deliveries. Maintenance to fields that feed the Forties stream in August-September will draw some of this crude out of storage, as tight supply boosts the market.