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Med crude-Urals diffs steady in quiet trade, Oct loading dates awaited

Urals crude differentials to dated Brent kept steady on Friday in quiet trade, while loading plans for Russia’s Baltic Sea ports and Novorossiisk for October have yet to emerge.

The Russian government is considering a complete ban on the export of oil products for a certain period of time in order to stabilise domestic fuel prices.

PLATTS WINDOW

No bids or offers were made for Urals, Azeri BTC or CPC Blend in the Platts window on Friday, traders said.

NEWS

Kazakhstan’s oil and gas condensate output rose 6.6% year on year to 59.8 million metric tons in the eight months to Aug. 31, data showed on Friday.

Рrices for Russia’s Far East ESPO Blend crude oil loading from the port of Kozmino in October have firmed to a premium of more than 50 cents against ICE Brent on a delivery basis in Chinese ports.
Source: Reuters (Reporting by Reuters; Editing by Mark Porter)

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