Our new website is coming soon, give it a try now and let us have your feedback. Take me to the Beta

Email Facebook Twitter

TSX Lithium explorer International Lithium Corp prepares to drill at Raleigh Lake
Exclusive: Hardman & Co Investor Forum - Severn Trent, Calculus Capital, Volta Finance, Residential

Finance & Stock Market News

North Sea Crude-Steady, floating barrels weigh

Mon, 11th Jul 2016 17:10

LONDON, July 11 (Reuters) - * North Sea crude oil price differentials were steady on Monday even as ample supplies weighed on the market.

* There was talk of North Sea cargoes heading into floating storage again. One trader said the market structure, after a steepening of the contango, was making it more viable to store crude in this way.

* Shipping data indicates two supertankers carrying Forties, Maran Thetis and Sara, are still at anchor off the UK coast.

* Supply of the main North Sea crudes is scheduled to fall in August, potentially providing some support.


* No deal was reported on any of the benchmark crudes in the Platts window.

* Forties: Total offered a cargo loading on July 24-26 at dated Brent plus 50 cents. That was up 35 cents from the last known deal and there was no sign on Monday of bids rising, so Forties remains unchanged. (Reporting by Alex Lawler, editing by William Hardy)

(c) Copyright Thomson Reuters 2016. Click For Restrictions - http://about.reuters.com/fulllegal.asp

Back to Finance News

Share Price, Share Chat, Stock Market news at lse.co.uk
FREE Member Services
- Setup a personalised Watchlist and Virtual Portfolio.
- Gain access to LIVE real-time Regulatory News (RNS).
- View more Trades, Directors' Deals, and Broker Ratings.
Share Price, Share Chat, Stock Market news at lse.co.uk

Home  |  Contact Us  |  About Us  |  Advertise with Us  |  Sitemap  |  Terms & Conditions  |  Cookies  |  Privacy  |  Mobile Site  |  About this website design

Datafeed and UK data supplied by NBTrader and Digital Look. While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.