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North Sea Crude-Diffs up, first programmes suggest lower June supply

LONDON, April 27 (Reuters) - North Sea crude differentials rose on Thursday, breaking a series of losses and stagnation that has kept prices around their lowest for months, after preliminary loading programmes showed supply may ease next month.

* Supply of Forties, the largest of the crude streams, will fall to 420,000 barrels per day in June, from 445,000 bpd in May, while Ekofisk supply will ease to 260,000 bpd from 270,000 bpd in May.

* Traders said the Oseberg programme was not yet available, while the Brent schedule will be released next week.

* Glencore (Frankfurt: 8GC.F - news) was offering cargoes of Forties for ship-to-ship transfer. The trading house holds almost half the 53 cargoes in the May BFOE programme and has shipped more North Sea crude to Asia so far this month than any other market participant, according to traders and Reuters data.

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WINDOW SUMMARY

* Total (LSE: 524773.L - news) sold two cargoes of Ekofisk to Glencore, one for loading May 24-26 at parity with dated Brent and the second for loading May 14-16 at a discount of 15 cents to the dated price.

* Total bid for a cargo of Forties for loading May 22-28 at a discount of 25 cents to the dated Brent price.

* Glencore offered one cargo of Forties for loading via STS (Shanghai: 603322.SS - news) at Scapa Flow from the Desimi at a premium of 25 cents to dated Brent from May 16-21 and a second from the BW Peony for the same dates at the same price.

* Total bid for a cargo of Brent for loading May 20-29 at a discount of 30 cents to the dated price.

* Glencore bid for a cargo of Ekofisk for loading May 17-28 at parity with dated Brent. (Reporting by Amanda Cooper; Editing by David Evans)