LONDON, Nov 19 (Reuters) - Differentials for the North Sea
Forties crude oil stream dipped on Friday after Litasco offered
a cheaper cargo, outweighing higher bids from Glencore and
Vitol.
* The Unite Union this week announced a possible strike from
December to February impacting offshore fields operated by
TotalEnergies, which feed into the Forties pipeline system and
Teeside and Sullom Voe terminals.
* According to data from the Oil and Gas Authority on the
potentially affected fields, Culzean produces around 98,000
barrels of oil equivalent per day of which 14,000 bpd are oil;
Elgin around 51,000 boe/d, half of which is oil; Franklin around
81,000 boe/d of which 32,000 bpd are oil.
PLATTS WINDOW
Indications are on a free-on-board (FOB) basis unless marked
as cargo, insurance and freight (CIF).
* No deals.
OUTSTANDING BIDS AND OFFERS
* Forties: Glencore bids at dated Brent plus $1.20 loading
Nov. 30-Dec. 2.
* Forties: Vitol bids at dated Brent plus $1.30 loading Dec.
2-4.
* Brent: Vitol bids for two cargoes at dated Brent plus
$1.45 loading Dec. 2-4 and Dec. 8-10.
* Forties: Glencore bids at dated Brent plus $1.45 loading
Dec. 9-13.
* Forties: Litasco offers cif Rotterdam at dated Brent plus
$1.20 loading Dec. 1-5. On a fob basis, according to Reuters
calculations, this equates to plus 42 cents.
(Reporting by Shadia Nasralla;Editing by Elaine Hardcastle)