LONDON, May 22 (Reuters) - North Sea Forties crude
differentials took a further tumble on Wednesday, falling for
the third day this week due to weak demand in Europe and ample
Light, sweet crude values have come under pressure in other
markets such as West Africa from plentiful supply. Traders also
say demand in Europe, where some refiners have been cutting
runs, remains lacklustre.
There has been some activity on VLCC fixtures of Forties to
Asia in the last few days and if translated into actual
shipments that could support prices. No further details on the
fixtures were seen on Wednesday.
* Shell offered a Forties for May 31-June 2 at dated Brent
minus 55 cents or June 3-5 at dated minus 50 cents. Both were
lower than a deal on Tuesday at dated minus 20 cents.
* Oseberg was also offered lower by BP to dated plus 80
cents, down 40 cents from Tuesday.
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(Reporting by Alex Lawler; editing by Matthew Tostevin)
((firstname.lastname@example.org)(+44 207 542 4087)(Reuters
Keywords: MARKETS EUROPE CRUDE/
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