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NSea Crude-Forties steady as STS cargo trades

Wed Jun 24, 2009 11:02pm IST
 
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 * Shell buys July 9-11 STS Forties at dated BFOE -20 cents
 * Statoil reported to have sold July 15 Gullfaks
 
 LONDON, June 24 (Reuters) - Forties crude oil differentials
were steady on Tuesday as Shell bought a shipment out of
floating storage, while BP and Chevron both offered Forties
cargoes.
 
 FORTIES FOT-E
 * Within the afternoon trading window, Shell bought Vitol's
Forties cargo for loading via ship-to-ship (STS) transfer at
Scapa Flow for July 9-11 at dated BFOE minus 20 cents from the
vessel Abqaiq.
 * Two more offers were heard in the trading window but no
bids as Shell held most Forties cargoes available for July.
 BP offered Forties for July 10-12 loading at dated plus 10
cents and Chevron offered a July 12-14 cargo up to dated minus
10 cents.
 NORWEGIAN GRADES
 * Norwegian state-controlled producer StatoilHydro sold a
Gullfaks cargo for loading on July 15, traders said. This cargo
was offered at dated  plus 1.40 on Tuesday.
 * Statoil offered five crude cargoes on Wednesday, all for
loading in July, at steady asking prices from Tuesday (premiums
over dated BFOE; Tuesday's levels in brackets):
 - Oseberg July 18 at +1.10 (+1.10)
 - Gullfaks July 18 at +1.40 (+1.50)
 - Troll July 16 at +2.10 (+2.20)
 - Gullfaks July 20 at +$1.40 (New)
 - Grane July 24 -$1.00 (New)
 
 REFINING MARGINS
 * Complex margins for processing Brent in Rotterdam slipped
to a profit of just 4 cents per barrel on Wednesday, down from
an average of $1.52 in the last five days. <REF/MARGIN1>
 
 SWAPS
 * CFDs were assessed at the following levels at 1530 GMT
  (Friday's levels in brackets):
 - 29-03/7 Aug -0.96 (-0.76)
 - 6-10/7  Aug -0.83 (-0.65)
 - 13-17/7 Aug -0.70 (-0.57)
 - 20-24/7 Aug -0.58 (-0.46)
 - 27-31/7 Aug -0.43 (-0.33)
 - 3-7/8   Aug -0.28 (-0.20)
 
 ICE MINUTE MARKER
 The ICE set its August Brent afternoon marker at $69.11 per
barrel, up from $67.25 per barrel on Tuesday.
 (Reporting by Joe Brock; editing by James Jukwey)
































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