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NSea Crude-Forties steady, margins weaken

Fri Jul 3, 2009 11:17pm IST
 
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 * 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)































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