NSea Crude-Forties weakens on ample supplies

* Forties trades at dtd -38 cts vs dtd -32 cts for last deal

* High supplies add pressure ahead of Dec programmes

LONDON, Nov 5 (Reuters) - North Sea Forties crude
differentials weakened on Thursday, pressured by a high number
of cargoes still remaining for November loading, traders said.

December loading schedules were due to emerge next week,
adding to already ample supplies.

FORTIES FOT-E

* Within the afternoon trading window, Vitol sold its Nov.
17-19 cargo to Exxon at dated minus 38 cents.

This is weaker than the last Forties deal for a Nov. 14-16
cargo at January BFOE minus $1.75, a price equivalent to dated
minus 32 cents, traders said.

* Forties was stronger for later dates as Total bid for a
Nov. 21-26 cargo at dated minus 25 cents on Thursday.

* There were two withdrawn offers in the afternoon trading
window: Nexen for a Nov 25-27 package at dated flat and Shell
for a Nov 20-22 cargo at Jan -$1.15.

SWAPS

* Contracts for Differences (CFDs) curve was as follows
(previous day in brackets):

9-13/11 Jan -129 (-138)

16-20/11 Jan -121 (-124)

23-27/11 Jan -106 (-108)

30-04/12 Jan -91 (-92)

7-11/12 Jan -76 (-76)

14-18/12 Jan -61 (-60)

REFINING MARGINS <REF/MARGIN1>

* Complex refining margins for North Sea Brent in Rotterdam
were steady from Wednesday at around $2.60 per barrel but down
from an average of the past five days of around $3.70, according
to Reuters models.

BRENT MARKER

* The ICE set its afternoon one-minute marker for Brent at
$78.78, down slightly from $78.98 per barrel on Thursday.
(Reporting by Joe Brock; editing by James Jukwey)