North Sea Crude: Forties Differentials Mixed

[LEFT]1637 GMT 4 April [Dow Jones] North Sea Forties crude differentials are mixed as buyers return to the market. Shell buys two cargoes, one due to load Apr 14-16 from Vitol at Dated -20c and one due to load Apr 21-23 from BP at Dated +25c. [/LEFT]Morgan Stanley[LEFT] also buys a cargo for Apr 17-19 loading from Trafigura at Dated +10c. An offer from Total for an Apr 18-20 cargo at Dated +30c remains outstanding, while Shell withdraws a bid for an Apr 18-23 at Dated +15c and finds no sellers for a Dated +30c bid for a cargo due to load Apr 25-29. the May North Sea programs are beginning to emerge, with Forties expected Thursday.

  • Sarah Kent, Dow Jones Newswires[/LEFT]