MOSCOW: Urals crude differentials were stable on Wednesday ahead of Russia's Surgut tender to sell Baltic barrels, while a provisional loading plan for the first half of January sent mixed signals to market players.
Urals crude loadings from Russia's Baltic Sea ports on Jan. 1-15 were set to fall by 0.4 million tonnes from the same period of December to 2.5 million tonnes, a provisional loading plan showed on Wednesday.
Russia's final quarterly export plan for January-March 2018 emerged last Friday, showing exports from Primorsk and Ust-Luga falling at a lower pace.
Exports and transit of Urals oil from Baltic Sea ports were set to decline to 19.1 million tonnes in the first quarter from 19.6 million tonnes in October-December, only 0.5 million tonnes lower quarter-on-quarter, the document showed.
Urals and Siberian Light loadings from Novorossiisk on Jan. 1-6 were seen up to 1.12 million tonnes from 0.84 million tonnes on Dec. 1-16, the preliminary lifting schedule showed.
There were no bids and offers for Urals or CPC Blend in the Platts window on Wednesday.
In Azeri BTC, SOCAR offered 650,000 barrels of the grade for Jan. 5-9 at dated Brent plus $2.25, without finding a buyer.
Surgutneftegas offered buyers in a spot tender two 100,000-tonne cargoes for loading from Primorsk on Jan. 11-11 and 12-13 and a cargo of the same size from Ust-Luga on Jan. 13-14.
The tender closes on Dec. 21 at 1600 Moscow time.
Comments
Comments are closed for this article.