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Markets

Med Crude-Diffs steady, Urals largely sold out

Published Updated

LONDON: Differentials for Russian medium, sour Urals were unchanged on Monday in a quiet market, while traders also waited for the latest Azeri Light programme due to come out on Tuesday.

* There was no activity in the window.

* A trader said that Urals cargoes were sold out in the Mediterranean for January and mostly sold out in northwest Europe. February dates were expected to start emerging next week.

* Delays through the Turkish straits, still around two weeks, and the Christmas holidays prompted many to buy ahead of time.

* Greek refiner Hellenic issued a buy tender for a cargo of Kazakh CPC Blend. The tender closes on Jan. 8.

* The final programme for CPC Blend was slightly lower for January at 5.42 million tonnes.

* Libya's major western oilfield El Sharara was still closed.

Copyright Reuters, 2019
 

 

 

 

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