The potential inclusion of the BFOE
crudes on a delivered Rotterdam CIF basis, would ensure that every barrel of the grades currently reflected in Dated Brent is able to play the fullest possible role in establishing the value of North Sea crude.
CME Group will work with Platts on an ongoing basis to maintain contract specifications in close alignment with the Brent (BFOE
) cash market, including adopting a revised expiry schedule beginning in March 2015.
2-6 assessed at 13 cents above September BFOE
, compared with a 2-cent discount Monday, a broker said.
's Joe Peacock said: "We know there are plans for some local railway stations but we believe these proposals must be pushed forward.
The strength in Urals is all the more remarkable given the well documented local supply issues that are distorting the BFOE
market in August and September.
Robert Pass, BFoE
's climate change campaigner, said: "When the council is supposed to be reducing the city's carbon footprint, this is hardly very sustainable and will generate massive costs which ordinary Brummies will end up paying, not only through their pockets, but with their health too."
"We have yet to see Shell's reaction, but it is hoped that agreement can be reached soon to avoid any confusion and consequent paralysis of BFOE
trading as a result," said Tamas Varga of London-based oil brokers PVM.
The acquisition will also move CNOOC into the heart of the North Sea BFOE
physical oil benchmark, giving a Chinese company for the first time unprecedented insight and access into this secretive, yet enormously influential market.
Birmingham Friends of the Earth (BFOE
) have collaborated with the Opera Group to put together Save the Diva - a mini street opera that will be performed across the UK.
6 assessed at dated BFOE
plus $1.50, in line with deals in that week.
Platts plans to apply quality premiums for Oseberg and Ekofisk crude from June 2013 -- two of the four crudes deliverable into Brent-Forties-Oseberg-Ekofisk (BFOE
) forward contracts that help establish the Brent price.
AN ambitious campaign to cut Birmingham's black bag waste in half by 2020 is being launched by Birmingham Friends of the Earth (BFOE