NSea Crude-Forties steady as STS cargo trades
* 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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