Direct Urals supplies from Russia's ports to China in the first 10 days of February rose to some 360,000 bpd, according to provisional data provided by market sources and Reuters calculations. (Reporting by Reuters; editing by Jason Neely)
MOSCOW, Feb 14 (??????) - Seaborne supplies of Urals
crude bound for China in January rose to some 230,000 barrels
per day (bpd), the highest level since June 2022, as demand for
the grade from the world's largest oil importer shows early
signs of rebound, traders said and Refinitiv Eikon data showed.
"China wakes up, and new buyers (of Urals crude) emerge
every day. India is already taking (Russian oil) to the maximum,
and if there is an increase in demand, it will be from China," a
source with a major trading company said.
Direct shipments of Urals from Russia's Baltic ports to
China by 100,000-tonne vessels in January reached 500,000
tonnes, while ship-to-ship (STS) transfer points near the ports
of Ceuta in Spain and Kalamata in Greece have reloaded some
420,000 and 80,000 tonnes on to vessels bound for China.
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