MOSCOW: Urals crude differentials in the Mediterranean and northwest Europe were stable on Tuesday in quiet trade, while the number of available parcels for loading in September has reduced on general demand for medium-sour barrels.
Litasco bid for 80,000 tones of Urals ex-Novorossiisk for Sept. 20-24 loading at minus $0.40 a barrel, up by 10 cents a barrel from Monday, but failed to find a seller.
Urals cargoes for loading from Novorossiisk in September were completely sold out, several traders said, but this could not be confirmed.
There were no bids or offers for Urals from Baltic Sea ports, Azeri BTC, CPC Blend and Siberian Light in the Platts window on Tuesday.
CPC Blend crude oil loading plan for September was revised down to 4.80 million tonnes from 4.94 million in the provisional schedule, the document obtained by Reuters showed.
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