North Sea Crude-Diffs slip as Total struggles to sell Forties via STS

LONDON, June 13 (Reuters) - * Forties and Brent slipped on Monday, as buyers held out for even lower prices, in spite of the end of a three-week long refinery strike in France.

* Gasoline margins hit lowest in a month due to high inventories and the end of three-week long refinery strike in France has raised the spectre of refinery run cuts, potentially creating a threat to physical crude demand, traders said.

* Total (LSE: 524773.L - news) offered two cargoes of Forties from the VLCC Maran Thetis at Scapa Flow again, having offered last week, but found no buyers.

* Traders often view offers for ship-to-ship transfers as a sign of a weak market.

WINDOW SUMMARY:

* Glencore (Xetra: A1JAGV - news) offered a cargo of Brent for loading Jun 28-30 at a discount of 30 cents to dated Brent, down from a previous offer on Friday of minus 10 cents.

* Total offered a Forties for loading Jun 25-30 via STS at Scapa Flow from the Maran Thetis at a discount of $1.60 to the cash August BFOE price.

* Total offered a second cargo of Forties for loading July 1-5 via STS at Scapa Flow from the same supertanker at a discount of $1.50 to the cash BFOE price for August.

* Statoil (LSE: 0M2Z.L - news) offered a cargo of Forties for loading Jul 3-5 at 20 cents below the dated price.

* Statoil offered a cargo of Ekofisk for loading Jul 1-3 at 40 cents above dated Brent.

* Total offered a cargo of Ekofisk for loading Jul 13-15 at 50 cents above dated Brent.

* BP withdrew an offer for a cargo of Brent for loading Jul 5-7 at a discount of 25 cents to dated Brent. (Reporting by Amanda Cooper; Editing by Alexander Smith)