North Sea Crude-Forties differential edges lower in plentiful market
LONDON, Dec (Shanghai: 600875.SS - news) 9 (Reuters) -
* The differential for Forties crude fell on Friday on the back of ample supplies in the North Sea as well as competing West African grades, particularly from Nigeria where cargoes are only selling slowly.
* Saudi Arabia has told its U.S. and European customers it would reduce oil deliveries from January while Russia signalled that a commitment from non-OPEC producers to join OPEC's output limits still faced challenges.
WINDOW SUMMARY
* There were no deals.
* Shell (LSE: RDSB.L - news) offered a cargo of Forties at dated Brent minus 60 cents a barrel loading Dec. 23-25.
* Glencore (HKSE: 0805.HK - news) offered a cargo of Ekofisk at dated Brent plus 10 cents a barrel loading Dec. 22-24.
* Shell offered a cargo of Brent loading Dec. 29-31 at cash February BFOE minus $1.60 a barrel.
* Vitol withdrew an offer for Forties off the New Success tanker at dated Brent minus 30 cents a barrel loading Dec. 19-21. (Reporting by Julia Payne; editing by David Clarke)