Advertisement
UK markets close in 2 hours 59 minutes

  • FTSE 100

    8,300.36
    +86.87 (+1.06%)
     

  • FTSE 250

    20,400.37
    +235.83 (+1.17%)
     

  • AIM

    777.76
    +6.23 (+0.81%)
     

  • GBP/EUR

    1.1648
    -0.0011 (-0.10%)
     

  • GBP/USD

    1.2550
    -0.0014 (-0.11%)
     

  • Bitcoin GBP

    50,656.77
    -333.82 (-0.65%)
     

  • CMC Crypto 200

    1,317.95
    -47.17 (-3.46%)
     

  • S&P 500

    5,180.74
    +52.95 (+1.03%)
     

  • DOW

    38,852.27
    +176.59 (+0.46%)
     

  • CRUDE OIL

    78.31
    -0.17 (-0.22%)
     

  • GOLD FUTURES

    2,321.00
    -10.20 (-0.44%)
     

  • NIKKEI 225

    38,835.10
    +599.03 (+1.57%)
     

  • HANG SENG

    18,479.37
    -98.93 (-0.53%)
     

  • DAX

    18,293.02
    +117.81 (+0.65%)
     

  • CAC 40

    8,022.70
    +26.06 (+0.33%)
     

Glitch at UK's Buzzard oilfield causes slight output fall -sources

Reuters - UK Focus

(Adds output detail on oil price and outage)

LONDON, Jan 26 (Reuters) - Production at the UK's North Sea Buzzard oilfield has fallen slightly after a technical glitch, three trading sources said on Thursday.

One source said that output was down by about 20,000 barrels per day (bpd) as of Thursday morning, while another said the outage was up to 30,000 bpd.

The field's operator Nexen (KSE: 005720.KS - news) did not immediately respond to a request for comment.

Buzzard produces about 180,000 barrels per day (bpd) and is the largest contributor to the Forties crude oil stream, one of four grades of oil that underpin the dated Brent benchmark.

The partial outage contributed to a narrowing of the front-month Brent futures spread (LCOc1-LCOc2) on Thursday to 28 cents a barrel. (Reporting by Julia Payne and Alex Lawler; Editing by Alexander Smith)