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North Sea Crude-Forties falls after a deal, lower offer

Fri, 20th Sep 2019 17:45

LONDON, Sept 20 (Reuters) - North Sea Forties crude differentials fell a second session as concern about a prompt crude shortage caused by the Saudi outage abated as the kingdom continued to draw on inventories to meet demand.

* State oil giant Saudi Aramco has switched crude grades and pushed back crude and oil products deliveries to Asian customers by days after the attacks on its supply hub severely reduced its light oil production and led to output cuts at its refineries.

* Mitsubishi Corp, Japan's biggest trading house by revenue, said on Friday a trader at its Singapore-based unit has lost $320 million through unauthorised transactions in crude oil derivatives, and the matter has been reported to the police.

PLATTS WINDOW

* Forties: BP sold a cargo to Vitol at dated Brent minus 10 cents loading Oct. 9-11.

* Forties: Unipec offered a cargo at dated Brent minus 20 cents loading Oct. 2-4.

* Forties: Vitol offered a cargo at dated Brent plus 10 cents loading Oct. 4-6.

* Forties: Mercuria bid at dated Brent plus 30 loading Oct. 16-18. (Reporting by Julia Payne, Editing by Louise Heavens)

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