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UK Money News


North Sea Crude-Brent diff firms, Forties steady

Thu, 15th Dec 2016 17:43


LONDON, Dec 15 (Reuters) -

* The differential for Brent firmed on Thursday despite still considerable overhang with just under 9 million barrels in floating storage.

* Royal Dutch Shell Chief Financial Officer Simon Henry will step down in March after seven years in the post and be replaced by Jessica Uhl, a finance executive in Shell's gas business.

* A local faction of Libya's petroleum guard prevented production restarting at the El Feel oilfield after protesters further north ended a two-year pipeline blockade, an oil worker said on Thursday.

WINDOW SUMMARY

* There were no trades.

* BP bid for a cargo of Brent loading Jan. 5-12 at dated Brent minus 45 cents a barrel.

* Shell offered a cargo of Brent at dated Brent minus 35 cents a barrel loading Dec. 29-31.

* Mercuria bid for a cargo of Brent at dated Brent minus 45 cents a barrel loading Jan. 10-16.

* BP bid for a cargo of Forties at dated Brent minus 45 cents a barrel loading Jan. 7-17.

* Mercuria bid for a cargo of Forties at dated Brent minus 45 cents a barrel.

* Litasco offered a cargo of Ekofisk at dated Brent plus 20 cents a barrel loading Jan. 11-13. (Reporting By Julia Payne, editing by David Evans)



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




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