ReutersReuters

Urals diffs stable, Azeri BTC loadings set to fall in October

RefinitivLess than 1 min read

Urals crude differentials to dated Brent held steady on Monday, while Azeri BTC loadings from the Turkish port of Ceyhan in October were set to fall by some 10% from September lifting plan.

Azeri BTC exports have been set at 15.4 million barrels for next month, down from 16.5 million barrels in September, the schedule showed on Monday.

The spot supply of Russian oil has not changed from earlier, with barrels trading at a discount of $2-$3 per barrel to Dubai for delivery at Indian ports, said Anuj Jain, head of finance at Indian Oil Corp , the country's top refiner.

PLATTS WINDOW

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

NEWS

  • OPEC on Monday released a compensation schedule from six of its members covering the period from last month and until June next year to make up for producing above their targets.

  • New sanctions on buyers of Russian oil could disrupt crude flows, energy trader Gunvor's global head of research and analysis, Frederic Lasserre, said on Monday.

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