The UK’s crude oil loadings remained below 800,000 bpd for the third month in a row in February, while authorities expect Britain’s crude oil production to decline through at least 2024, Fotios Katsoulas, Liquid Bulk Principal Analyst, Maritime & Trade at IHS Markit, said on Friday. In February, the Far East was among the top destinations for UK crude oil, with UK crude flows significantly rising to 265,000 bpd, up from 139,000 bpd in January, Katsoulas said. UK crude flows to northwest Europe and the Mediterranean, on the other…
