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North Sea Crude-Forties diffs nudge lower as flows pick up

Tue, 6th Sep 2016 17:43


LONDON, Sept 6 (Reuters) - * North Sea Forties crude diffs edged lower on Tuesday, after flows through a major pipeline ramped up following a brief outage earlier in the week.

* Forties Pipeline System operator BP said flows of Fortes through the system were increasing after a brief outage on Sept. 4, but declined to give an estimate of how much they had risen or when they would be back to normal.

* Flows through FPS are usually around 480,000 bpd.

* In more supportive news, another parcel from the September loading programme, F0907, was deferred to Sept. 18-20 from the early part of the month. A number of cargoes have been deferred or dropped on account of lower-than-expected supply of Forties this month because of maintenance at the Buzzard oilfield.

WINDOW SUMMARY

FORTIES/BRENT

* Vitol sold Glencore a cargo of Forties for loading Sept. 18-20 at a premium of 5 cents to dated Brent.

* Vitol offered Forties for loading Sept. 16-25 via STS at Scapa Flow from the Marbat at a discount of 20 cents to dated Brent.

* Glencore bid for a cargo of Forties for loading Sept. 18-21 at 5 cents above dated Brent.

* Petroineos bid for a cargo of Forties for loading Sept. 22-30 at 10 cents above the dated price.

* Vitol withdrew an offer for a cargo of Forties for loading Sept. 23-25 at a 20-cent premium to dated Brent.

* Glencore bid for a cargo of Brent for loading Sept. 21-30 at 5 cents above dated Brent.

* Vitol withdrew an offer for a cargo of Brent for Sept. 24-26 at 20 cents above the dated benchmark price.

EKOFISK/OSEBERG

* Total offered Ekofisk for loading Sept. 18-20 at a premium of 45 cents to dated Brent.

* Glencore bid for a cargo of Oseberg for loading Sept. 30-Oct. 8 at a premium of 80 cents to dated Brent.

* Glencore bid for a cargo of Ekofisk for loading Sept. 23-Oct 2 at a premium of 40 cents to dated Brent. (Reporting by Amanda Cooper; Editing by Susan Thomas)



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




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