LONDON, Dec 18 (Reuters) - North Sea Forties crude
differentials eased on Wednesday due to ample supply and as
further demand from Trafigura, the buyer of nine cargoes this
month, did not materialise.
As well as Trafigura, which has bought more than enough
Forties for two VLCC shipments to Asia, other potential buyers
kept to the sidelines in the Platts window.
North Sea supply is looking ample for January and traders
say an overhang of unsold West African crude cargoes could limit
the upside for differentials.
A period of stable output at the Buzzard oilfield, the
largest contributor to Forties, has added to supply, limiting
the upside for the Brent structure.
* Mercuria offered a Jan. 10-12 cargo at dated Brent plus 30
cents, down 5 cents from Tuesday, and withdrew the offer, a
* The last known Forties trade was on Tuesday when Trafigura
bought at dated Brent plus 45 cents - the ninth Forties it has
acquired since the start of December by Reuters calculations.
* Click on for the latest contracts-for-difference.
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(Reporting by Alex Lawler, editing by William Hardy)
Keywords: MARKETS EUROPE/CRUDE
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