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 June loading program for North Sea Ekofisk crude oil is scheduled at 263,000 barrels a day, up from 237,097 barrels a day originally planned to load in May, a trader who had seen the loading program said Friday.
The June program consists of 13 cargoes and is equivalent to 7.9 million barrels, up 550,000 barrels from the number originally scheduled in May.
The Ekofisk fields are operated by ConocoPhillips (COP).
-By Konstantin Rozhnov, Dow Jones Newswires
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