North Sea Crude-All grades steady as no buyers or sellers emerge

Kitco Media
By Reuters
Published:
Updated:
Reuters
LONDON, Feb 15 (Reuters) - North Sea crude oil differentials were unchanged on Wednesday as no buyers or sellers emerged.
* U.S. crude inventories rose 16.3 million barrels in the week to Feb. 10 to 471.4 million barrels, the highest level since June 2021.
* Seaborne supplies of Urals crude bound for China in January rose to about 230,000 barrels per day (bpd), the highest since June 2022, as demand for the grade from the world's largest oil importer showed early signs of a rebound, traders said and Refinitiv Eikon data showed.
* Commodity trading house Mercuria doesn't see a big impact on crude oil markets from Russia's decision to cut its oil output, its CEO told Reuters, adding the move could narrow the price discount for Russian exports. PLATTS WINDOW
* Indications are on a free-on-board (FOB) basis unless marked as cost, insurance and freight (CIF) or delivered at place (DAP).
* No deals, offers or bids, according to a trade source. (Reporting by Shadia Nasralla. Editing by Jane Merriman)

Reuters Messaging: shadia.nasralla.reuters.com@reuters.net))

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