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BP (NYSE:BP): Current price $43.43
The large trader in the North Sea Brent oil market reported on Monday that would support the change of trading terms by Royal Dutch Shell, a move which is seen as important as it makes their wider adoption more probable. Shell said on Friday that it will apply a Quality Premium to BFOE forward contracts, such as for Brent, Forties Oseberg and Ekofisk crudes, to trades with its counterparties for cargoes loading in May and afterwards.
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