Maintenance on the Forties pipeline boosts Dated Brent prices

  • Oil

ICE Brent prompt prices rose to 68.2 $/b as the June loading program for Forties crude would only amount for two cargoes, as planned maintenance on the Forties pipeline system should start in June. Forties crude is the largest physical stream of the Brent complex, usually loading up to 15 cargoes per month. Gasoline margins in Europe, Asia and the US continued to rise compared to middle distillates and fuel oil cracks, as stocks depleted faster for light ends. 

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