Med crude-Urals diffs unchanged in quiet trade

Urals crude differentials to dated Brent were stable on Friday in quiet trade.

Just a few April-loading Urals cargoes were still available in the market, traders said.

Russian oil and products have become trapped at sea on four tankers after the United States hit the vessels with fresh Iran-related sanctions, LSEG data showed on Friday.

PLATTS WINDOW

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

NEWS

The International Energy Agency (IEA) trimmed its forecast for 2024 oil demand growth on Friday, citing lower-than-expected consumption in OECD countries and a slump in factory activity.

China’s crude oil imports in March fell from high levels a year earlier but remained strong amid a surge in Russian shipments, official data showed on Friday.
Source: Reuters (Reporting by Reuters)