MOSCOW: Urals crude differentials the Mediterranean fell for a second day on Wednesday, while the loading schedule for the port of Primorsk provided support for the grade in the northwest Europe.
Russian oil exports from Primorsk between July 1 and 11 will total 1.4 million tonnes, down by 0.3 million tonnes from the same period in June, the plan showed.
Russia's Baltic Sea port of Ust-Luga will load 0.8 million tonnes of Urals crude between July 1 and 10, unchanged from the same period in June. To see Urals crude preliminary loading schedule for the first days of July click on In general, traders expect ample seaborne supplies in July, if Moscow and Minsk fail to solve a gas dispute before the end of June.
Russia has cut allocations of crude oil exports to Belarus for July-September by 40 percent from April-June amid a stand-off over Russian natural gas supplies.
In the Platts window, Vitol offered an 80,000-tonne cargo of Urals crude from Novorossiisk from July 2-6 for a second day. The offer was at dated Brent minus $1.95 a barrel, some 15 cents below its offer on Tuesday, but it found no buyer, traders said.
In the Baltic, Cepsa was bidding for 100,000 tonnes of Urals for July 6-10 at minus $2.40 a barrel to dated Brent when Total stepped in to sell a cargo.
There was no activity for Azeri light and CPC Blend in the Platts window on Wednesday, traders said.
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