Platts team leader for European and African crude oil Robert Beaman, and North Sea reporter, Ned Molloy, discuss the reopening of a major crude oil arbitrage route from the North Sea to South Korea. Although this arbitrage route appeared closed earlier in the year, the North Sea crude oil market strengthened significantly in November on a wave of buying interest for Forties crude from Asia. The team discuss the reasons behind the change and the impact it has had on the North Sea market.
This is the latest in a series of weekly podcasts aimed at highlighting significant news stories from around the energy world. Check back every week for the latest update.
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Platts 7th annual European Oil Storage conference will gather European and global oil storage owners and operators to learn and discuss the latest oil market trends, the impact of the new developments in US shale oil production, case studies in new terminal investment, and regulatory and safety panel discussions.