BFOE

Also known as: Brent Forties Oseberg Ekofisk, 21-day BFOE

BFOE is a forward contract for light-sweet North Sea crude oil that can be satisfied with any of four grades of crude: Brent, Forties, Oseberg, or Ekofisk.

The contract was created to add volume to the market for Brent as production from the Brent field has declined.

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