NSea Crude-Forties weakens further on supplies, margins

* Forties trades: Nov. 22-24, dated minus 45 cents

* Statoil offers a glut of cargoes for Dec loading

LONDON, Nov 12 (Reuters) - North Sea Forties differentials
weakened further on Thursday, pressured by ample supplies and
weak refining margins, traders said.

FORTIES FOT-E

* Within the afternoon trading window, Shell sold BP a Nov.
22-24 loading cargo at dated minus 45 cents, weakening from a
deal on Monday for a later loading November cargo at dated minus
30 cents.

* Conoco offered a Nov 26-28 loading shipment at dated minus
25 cents but it was met with no bids.

* Vitol kept from chains a cargo planned for Dec. 3-5
loading. The cargo was entered by Statoil.

LOADING PROGRAMMES

* Details of Gullfaks and Statfjord programmes for January
loading emerged on Thursday, both steady from December.

* Seven cargoes of 855,000 barrels of Statfjord will be
shipped in January, while nine Gullfaks cargoes of the same
volume were due to be loaded.

NORWEGIAN GRADES

Statoil was offering six cargoes on Thursday:

- Oseberg loading Dec. 8-10 at dated plus 85 cents

- Statfjord loading on Dec. 2-4 at dated plus 80 cents

- Gullfaks loading on Dec 5-7 at dated plus $1.40

- Norne loading on Dec 5 at dated plus £3.75

- Grane loading on Dec. 7 at dated minus 40 cents

- Varg loading on Dec. 1 at dated plus $1.95 cif

REFINING MARGINS <REF/MARGIN1>

* Complex refining margins for North Sea Brent in Rotterdam
were around $3.50 per barrel on Thursday, in line with the
average of the past five days, according to Reuters models.

SWAPS

* Contracts for Differences (CFDs) were steady across the
curve and continuing to show backwardation for nearby physical
barrels (previous day in brackets) as follows:

16-20/11 Jan -105 (-105)

23-27/11 Jan -102 (-99)

30-04/12 Jan -87 (-85)

7-11/12 Jan -72 (-71)

14-18/12 Jan -56 (-57)

21-24/12 Jan -40 (-43)

ICE BRENT MARKER

* The ICE set its afternoon one-minute marker for December
Brent at $75.93, down from $77.71 on Wednesday.
(Reporting by Joe Brock; editing by Sue Thomas)