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North Sea oil loadings to hit eight-year high as global supply glut builds

North Sea oil loadings to hit eight-year high as global supply glut builds

by Offshore Reporter | Oct 30, 2025 | Offshore

North Sea crude exports are set to reach their highest level since 2017, with December loadings forecast at 2.1 million bpd. Rising output from Johan Castberg and other key fields adds to a global oil supply glut expected to pressure prices into 2026.

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North Sea oil loadings to hit eight-year high as global supply glut builds

Latest News

UK weighs early end to North Sea windfall tax amid talks with oil and gas producers

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Saipem drillship acquisition canceled as Deep Value Driller sells unit to third party

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