• Most Popular
  • Most Shared

Reuters Showcase

Bail in 2G Case

Bail in 2G Case

Essar's Ravi Ruia, Loop execs get bail in 2G case.  Full Article 

Market Regulation

Market Regulation

SEBI toughens stance on serious cases.  Full Article | Related Story 

Bleak Econ Outlook

Bleak Econ Outlook

More analysts cut India's GDP forecasts.  Full Article 

ITC Results

ITC Results

The company's profit rises 26 pct as price hikes aid.  Full Article 

Facebook IPO Fallout

Facebook IPO Fallout

Facebook fallout: Silicon Valley won't snub Morgan Stanley.  Full Article 

Rajat Gupta Case

Rajat Gupta Case

Email, wiretaps, at trial link Rajat Gupta to Rajaratnam.  Full Article 

New Deal?

New Deal?

NBC may buy Microsoft's MSNBC.com stake, according to Adweek.  Full Article 

Diesel Prices

Diesel Prices

Blog: It's time India bites the diesel bullet.  Full Article 

Buy, Sell or Hold?

Buy, Sell or Hold?

Stock recommendations from VantageTrade.  Full Coverage 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage 

NSea Crude-Slightly stronger as supplies tighten

Fri Jul 24, 2009 10:03pm IST

 * Forties reported firmer; offered at dtd minus 15; no deals
 * Norwegian offers steady
 
 LONDON, July 24 (Reuters) - North Sea Forties crude oil
differentials were little changed on Friday with no deals in the
afternoon trading window but anecdotal evidence that the market
may be tightening.
 No Forties crude oil was offered from floating storage again
as the contango for prompt oil stayed wide enough to pay for
cash and carry trade and traders said some majors were using
wider spreads to roll forward positions.
 Maintenance work on the Buzzard oilfield will more than
halve the volume of Forties loading in August and the removal of
the sour stream will sweeten Forties from Aug. 15 to Sept. 12,
traders say. [NSEA/AM] [O/LOAD]
 
 FORTIES FOT-E
 * In the trading window, Total offered an Aug. 7-9 Forties
cargo at dated minus 15 cents, compared with an offer of an Aug.
5-7 cargo at minus 30 cents on Thursday.
 * No bids were shown for Forties.
 
 NORWEGIAN OFFERS
 * Norwegian state-controlled oil company StatoilHydro kept
its offer levels largely unchanged (previous day in brackets).
 - Oseberg cross-month dated plus 85 cents (later dates but
unchanged from 85 cents for Aug. 26 reported sold)
 - Statfjord Aug. 24 at dated plus 75 cents (plus 75 cents)
 - Gullfaks for Aug. 26 at dated plus $1.35 ($1.35)
 - Troll for Aug. 26 at dated plus $2.20 (plus $2.10 for Aug.
19)
 - Glitne for Aug. 24 cif dated plus 30 cif (plus 50 cents)
 - Nord for Aug. 27 "available" (unchanged)
 - Grane Aug. 27 dated minus 80 cents (new)
 - Heidrun Aug/Sep as "available"
 
 REFINING MARGINS <REF/MARGIN1>
 * Complex margins for Brent cracking in Rotterdam were
around $2.80 on Friday, up about 30 cents from Thursday and
close to the average for the last five days, Reuters refining
models showed.
 
 ICE MINUTE MARKER
 * The ICE set its September Brent afternoon one-minute
marker at $69.73 per barrel, up from $68.90 on Thursday.
 (Reporting by Christopher Johnson; editing by William Hardy)
































Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.