* Russia plans to reduce oil exports from its western ports
by up
to 25% in March compared with February, exceeding its announced
production cuts in a bid to lift prices for its oil, three
sources in the Russian oil market said.
PLATTS WINDOW
* SOCAR sold to Glencore 600,000 barrels of Azeri BTC
loading on
March 13-17 at dated Brent plus $1,90 a barrel. That was up by
$0.05 a barrel from the latest price estimations for the grade.
NEWS
* Russia's oil and gas condensate output fell 0.4%
month-on-month
in January 2023 to 46 million tonnes, the Rosstat federal
statistics agency said on Wednesday.
* Kazakhstan may send the first batch of oil via Russia's
Druzhba
pipeline to Germany in the coming days, possibly on Wednesday,
Russia's RIA state news agency cited Kazakhstan's Energy
Minister Bolat Akchulakov as saying on Wednesday.
(Reporting by Reuters
Editing by Tomasz Janowski)
MOSCOW, Feb 22 (Reuters) - Premiums for Azeri BTC crude
oil inched up on Wednesday after a deal in the afternoon trading
window, while Russia's plan for deep March oil export cuts may
provide support to Urals crude differentials, traders said.
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.