The Oil Shell Game: Peeling Away the Bluster of the Latest Oil Announcements
Trade is agnostic, and because it is a physical entity that can be tracked, it can blast away the bluster of trade announcements. The reality is in the trade moving.
LONDON (Dow Jones)–The April loading program for North Sea Ekofisk crude oil is scheduled at 337,788 barrels a day, up from 296,832 barrels a day originally planned to load in March, a trader who had seen the loading program said Wednesday.
The April program is equivalent to 10.1 million barrels, up 932,000 barrels from the number originally scheduled in March.
The Ekofisk fields are operated by ConocoPhillips (COP).
-By Konstantin Rozhnov, Dow Jones Newswires
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