BP (NYSE:BP) participated in two separate actions related to North Sea Forties crude, one in which they sold to shipments of oil to Indonesia’s state-run PT Pertamina, and the second, in which they acquired a cargo of crude from the region from Royal Dutch Shell Plc (NYSE:RDS-a).
The cargo from shell will be loaded on November 1 to November 3, which BP acquired at 65 cents below the Dated Brent benchmark.
PT Pertamina's two loads were from Africa, with a load from Qua Iboe of Nigeria, and one from Saharan Blend of Algeria.
Indonesia acquired 2 million barrels of Bonny Light grade earlier in October.
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