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Med Crude-Urals diffs drift sideways as Rosneft adds cargo to July loading plan

Med Crude-Urals diffs drift sideways as Rosneft adds cargo to July loading planMOSCOW: Urals crude differentials in northwest Europe and the Mediterranean were stable again on Wednesday after Rosneft, Russia’s largest oil producer, obtained another extra loading slot on top of the final lifting schedule.

Rosneft will load 100,000 tonnes of Urals from Primorsk on July 30-31, with total Urals supplies from Baltic ports in July seen rising to 5.3 million tonnes, up by 0.6 million tonnes from the initial loading plan.

There were no bids and offers for Urals, Azeri BTC and Siberian Light in the Platts window for a third consecutive trading day.

OMV offered 85.000 tonnes of CPC Blend for July 21-25 loading at minus $1.35 a barrel, but found no interest. That was in line with the latest assessments for the grade.

Tripoli-based National Oil Corp (NOC) said on Wednesday four export terminals were being reopened after eastern factions handed over the ports, ending a standoff that had shut down most of Libya’s oil output.

Copyright Reuters, 2018
 

Source: Brecorder

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