Med crude-Azeri BTC down on deal, CPC Blend loading suspended due to storm

Kitco Media
By Reuters
Published:
Updated:
Reuters
MOSCOW, Feb 21 (Reuters) - Premiums for Azeri BTC crude oil eased further on Tuesday after a deal in the afternoon trading window, while CPC Blend oil loadings remained suspended.
* The Caspian Pipeline Consortium (CPC), which handles 1% of global oil flows, suspended crude loadings at its Black Sea terminal on Feb. 19 because of bad weather and has yet to lift the storm-related restrictions, it said on Tuesday.
* A 500,000 barrel-per-day cut to Russian oil production announced this month will apply only to March output for now, Deputy Prime Minister Alexander Novak said on Tuesday, according to news agency reports.
* Nikolai Tokarev, head of Russian oil pipeline monopoly Transneft said on Tuesday the company had received requests from Germany and Poland for oil from Kazakhstan via the Druzhba pipeline in the second quarter, Interfax news agency reported. PLATTS WINDOW
* Norway's Equinor sold to Eni 600,000 barrels of Azeri BTC loading on March 4-8 at dated Brent plus $1,85 a barrel. That was down by $0.40 a barrel from the latest price estimations for the grade. NEWS
* India's state-run Hindustan Petroleum Corp is facing difficulties in paying for Russian oil imports following a Dec. 5 price cap imposed by Western nations as banks shy away from processing payments, a company official said on Tuesday. (Reporting by Reuters Editing by Mark Potter)
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