Med crude-Urals diffs unchanged in opaque market

Kitco Media
By Reuters
Published:
Updated:
Reuters
MOSCOW, Feb 1 (Reuters) - Urals crude differentials to dated Brent kept stable on Wednesday in opaque market, while Russia's loading plans for its Western ports in February were slow to emerge.
* Russian Deputy Prime Minister Alexander Novak said on Wednesday that the situation with oil output and exports in the country is stable, despite Western price caps and sanctions.
* An OPEC+ panel endorsed the oil producer group's current output policy at a meeting on Wednesday, leaving production cuts agreed last year in place amid hopes of higher Chinese demand and uncertain prospects for Russian supply.
* Kazakhstan aims to boost oil exports via the Caspian Pipeline Consortium (CPC) system by 8.7% year-on-year to 56.5 million tonnes in 2023, the vice energy minister said on Wednesday. PLATTS WINDOW
* No bids or offers were made for Urals, Azeri BTC or CPC Blend in the Platts window on Wednesday, traders said. NEWS
* Russia's December oil and gas condensate output edged up to 10.92 million barrels per day (bpd)from 10.90 million bpd in November, according to Reuters calculations and data published on Wednesday by the Rosstat statistics office.
* Germany will receive the first shipment of Kazakh oil via the Druzhba pipeline in the first half of February, Kazakhstan's energy ministry said on Wednesday.
* Russian state oil pipeline monopoly Transneft said that a pumping station on the Druzhba pipeline was shelled on Tuesday, but that the pipeline was working as normal on Wednesday. (Reporting by Reuters;)
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