Med crude-Urals diffs steady, EU struggles to agree on Russian oil product price cap

Kitco Media
By Reuters
Published:
Updated:
Reuters
MOSCOW, Feb 2 (Reuters) - Urals crude differentials to dated Brent were little changed on Thursday, while traders expect loadings of the grade from Russia's Western ports to stay high in February.
* EU countries will seek a deal on Friday on a European Commission proposal to set price caps on Russian oil products after postponing a decision on Wednesday amid divisions between member states, diplomats said. PLATTS WINDOW
* No bids or offers were made for Urals, Azeri BTC or CPC Blend in the Platts window on Thursday, traders said. NEWS
* Kazakhstan, the world's largest landlocked country, increased oil exports that bypassed Russia last year, but was still heavily reliant on supply channels via its neighbour, Reuters calculations based on industry data and sources show.
* FACTBOX-EU embargo, price cap target Russian oil products. (Reporting by Reuters; Editing by Mark Porter)
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