Brent oil liftings from North Sea for deliveries to UK and Europe rise

The proportion of Brent oil liftings from the North Sea's main terminal at Sullom Voe for deliveries to the UK and northern Europe rose to 45 % last month. According to Petroleum Argus, high freight rates and strong regional demand kept more Brent crude in Europe during October.
The release of US strategic reserves was said to have also limited movement, particularly to the US Gulf Coast. Compared with September, the increased liftings for the UK, from 8 % to 32 %, more than made up for a decline from 19 per cent to 13 % to the rest of northern Europe last month. While deliveries for the US East Coast showed an increase from 20 % to 39 % in reduced October liftings at Sullom Voe, none was destined for the US Gulf Coast, compared with 23 % in September.
For the Asia-Pacific market, September's liftings of 29 % also dropped to 16 % in October. Petroleum Argus calculated that North Sea Oil output, from the British, Norwegian, Danish and Dutch sectors, rose to 6 mm bpd last month from 5.76 mm bpd in September. It projected hat output would increase further in November to 6.25 mm bpd.