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North Sea Crude-Forties steady; Shell books more Forties for Asia

Reuters - UK Focus

LONDON, May 25 (Reuters) -

* Forties differentials were unchanged on Wednesday for a second day, having reached their lowest in more than a week on Monday.

* Reuters shipping data showed that Shell (LSE: RDSB.L - news) , not Chevron (Euronext: CHTEX.NX - news) as reported on Tuesday, has tentatively booked the VLCC Sara to load at Hound Point in mid-June, the first such shipment this month. This adds to other Forties shipments to Asia by Shell such as the Samco Sundarbans in May.

* A strike at French oil refineries has dented crude demand in France. France has started using its strategic oil reserves, the French oil industry federation said.

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* Uruguay's ANCAP bought a Forties cargo from Glencore (Xetra: A1JAGV - news) in a a tender, trade sources said.

WINDOW SUMMARY

* There were no bids, offers or deals in the Platts window on Wednesday.

* Forties was valued at dated Brent plus 5 cents, having weakened on Monday in response to offers of crude from floating storage. (Reporting by Alex Lawler, editing by David Evans)