Med crude-Premiums for Azeri BTC ease, more Urals oil heads to China

MOSCOW, Feb 20 (Reuters) - Premiums for Azeri BTC crude oil eased on Monday amid weak demand, while more Urals cargoes loading this month were heading to China, traders said.
* Demand for Azeri BTC crude oil cargoes was quite reserved amid weaker refining margins of the grade in Europe, traders said.
* China doubled its purchases of Urals oil in the first half of February compared to the same period of January. PLATTS WINDOW
* Norway's Equinor offered 600,000 barrels of Azeri BTC loading on March 4-8 at dated Brent plus $2.30 per barrel, but failed to find a buyer. NEWS
* Kazakhstan has separated its oil exports from those of Russian crude by launching its own KEBCO brand, but sanctions against Moscow are still putting pressure on the price of Kazakh oil pumped through Russian pipelines, data shows.

* Germany's Schwedt refinery, whose majority owner Rosneft Deutschland has been put under trusteeship by the government, will undergo major maintenance in spring that will lower utilisation to less than half. (Reporting by Reuters Editing by Chris Reese)

Reuters

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Med crude-Premiums for Azeri BTC ease, more Urals oil heads to China

By Reuters

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