NSea Crude-Forties steady, margins weaken
* Forties offered around dated minus 35 cents
* Statoil offers Troll and Statfjord
LONDON, July 3 (Reuters) - Differentials for North Sea Forties crude oil were steady on Friday with no deals heard, while StatoilHydro was heard offering two new cargoes.
REFINING MARGINS <REF/MARGIN1>
* Complex margins for Brent have slipped towards $1.90 per barrel, compared with an average over the last five days of around $2.30, Reuters refining models show.
FORTIES FOT-E
* Shell offered a July 13-15 Forties cargo at cash -$1.45, which is around dated minus 35 cents. This is steady from a Forties deal done on Thursday.
Shell also offered a July 15-17 Forties at cash -$1.20, around dated minus 12 cents.
* Vitol bid July 19-21 Forties up to dated minus 15 cents. Total bid July 19-24 Forties up to dated minus 25 cents.
NORWEGIAN GRADES
* Norwegian state-controlled producer StatoilHydro offered at least two cargoes on Friday.
- Statfjord July 26-30 at dated plus $1.05
- Troll end-July at dated plus $2.30
SWAPS
* CFDs were assessed at the following levels at 1530 GMT
6-10/7 Sep -117
13-17/7 Sep -109
20-24/7 Sep -103
27-31/7 Sep -93
3-7/8 Sep -77
10-14/8 Sep -61
ICE MINUTE MARKER
The ICE set its August Brent afternoon marker at $65.84, down from $66.66 per barrel on Thursday. (Reporting by Joe Brock; editing by James Jukwey)
© Thomson Reuters 2009 All rights reserved
India Investment Summit 2009
Top executives and bankers discuss their own plans and the broader opportunities and challenges for India. Full Coverage
Dubai Debt Fears
Dubai struggled to ease fears of debt default after its move to delay repayments at two flagship firms shook confidence in the Middle East. Full Article




India
US
UK










