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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 crudedifferentials fell a second session as concern about a promptcrude shortage caused by the Saudi outage abated as the kingdomcontinued to draw on inventories to meet demand.

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

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

PLATTS WINDOW

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

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

* Forties: Vitol offered a cargo at dated Brent plus 10cents 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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