North Sea Crude-Forties weakens with product margins

LONDON, June 27 (Reuters) - * Forties edged lower on Monday weighed down by weak refining margins owing to a continuing global glut of products, particularly gasoline, and uncertainty following Britain's vote to leave the European Union.

* The Selene Trader VLCC has moored at Hound Point, the Forties export terminal. The tanker, fixed by Shell (LSE: RDSB.L - news) according to Reuters data, is expected to head to South Korea.

* Britain's vote to leave the European Union on Thursday sent new shockwaves through financial markets on Monday and the pound fell to a fresh 31-year low against the dollar.

* Crude futures fell but analysts at Goldman Sachs (NYSE: GS-PB - news) and other research houses sought to allay fears over the impact of the EU crisis on oil specifically, pointing out that Britain's demand for fuel is negligible at the global level.

* Panama opened the long-delayed $5.4 billion expansion of its shipping canal on Sunday, despite looming economic uncertainty in the shipping industry and a heated battle over billions in cost overruns.

WINDOW SUMMARY

* BP offered a cargo of Forties at dated Brent minus 55 cents a barrel for loading July 11-13.

* Vitol offered a cargo of Ekofisk at dated Brent plus 10 cents loading July 11-13 and a cargo of Forties at dated Brent minus 60 cents loading July 11-19.

(Reporting by Julia Payne; Editing by Susan Fenton)