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North Sea Crude-Forties eases, Shell holding many cargoes

Reuters - UK Focus

LONDON, Jan 15 (Reuters) - North Sea Forties crude differentials eased on Monday as demand waned, with Shell (LSE: RDSB.L - news) not buying any more cargoes after acquiring at least eight so far this year.

Shell has built up a large position in Forties and looks set to be sending at least some of the oil to Asia, trade sources said on Monday.

WINDOW

* No deals were done.

* Forties: Litasco offered a Feb. 5-7 cargo at dated Brent plus 50 cents, slightly weaker than on Friday when Shell bought three cargoes. (Reporting by Alex Lawler; Editing by David Evans)