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As possibility of multiple interest rate cuts dwindle here's what banks and building societies are offering

North Sea Crude-Forties, Brent diffs firm as more crude heads east

Reuters - UK Focus

LONDON, Jan 18 (Reuters) -

* Differentials for Forties and Brent firmed on Wednesday as more cargoes of North Sea crude were booked for Asia.

* Asian demand, particularly Chinese, spiked at the end of last year on fears of the impact of the production cut deal agreed by the Organization of the Petroleum Exporting Countries (OPEC) and some other major producers.

* A third VLCC in January, the Gener8 Neptune, is due to take Forties to Asia following the New Triumph and Maran Capricorn sailing to Singapore and South Korea respectively. The tanker is currently loading at Hound Point for BP, Reuters ship-tracking data shows.

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* Two more VLCCs for Asia are due to load in early February. Shell (LSE: RDSB.L - news) has fixed the Sandra to load Forties on Feb. 8 for South Korea, according to Reuters fixtures. The Alice is expected to load North Sea crude for South Korea on Feb. 1 for Glencore (Frankfurt: 8GC.F - news) , according to a separate shipping list and trading source.

* The Suezmax South Sea tanker is taking a cargo of end-January Ekofisk to Dalian, China.

* Heading west, Suncor is sending an unusual cargo of Brent on Troviken tanker to Maine in the United States. The vessel is currently loading at Sullom Voe, ship tracking shows.

WINDOW SUMMARY

* There were no deals.

* Glencore bid for a cargo of Brent, loading Feb. 4-6, at dated Brent minus 50 cents a barrel.

* Unipec offered a cargo of Brent, loading Jan. 28-30, at dated Brent minus 45 cents.

* Hartree bid for a cargo of Brent, loading Feb. 15-20, at dated Brent minus 25 cents.

* Statoil (LSE: 0M2Z.L - news) offered a cargo of Brent, loading Feb. 4-6, at dated Brent minus 20 cents.

* Glencore bid for a cargo of Forties at dated Brent minus 25 cents, loading Feb. 5-8.

* Hartree bid for a cargo of Forties, loading Feb. 13-20, at dated Brent minus 15 cents.

* PetroIneos bid for a cargo of Forties, loading Feb. 11-16, loading Feb. 11-16. (Reporting by Julia Payne; Editing by David Goodman)