Med crude-Urals diffs unchanged, exports set to fall in March

Kitco Media
By Reuters
Published:
Updated:
Reuters
MOSCOW, March 7 (Reuters) - Urals crude differentials were unchanged on Tuesday, while oil exports from Russian western ports were set to decline in March, according to Reuters calculations based on traders' data.
* Oil loadings from Primorsk, Ust-Luga and Novorossiisk in March were set at 8.68 million tonnes, roughly unchanged from February but down on a daily basis, as March has three more days.
* Daily oil output from Kazakhstan's biggest oil producer, Tengizchevroil, was down by 11% over March 1-6 owing to unscheduled maintenance that could last up to two weeks, two industry sources told Reuters. PLATTS WINDOW
* No bids or offers were made for Urals, Azeri BTC or CPC Blend in the Platts window on Tuesday, traders said. NEWS
* Slashed output at Germany’s Schwedt oil refinery demonstrates the difficulty Berlin faces in turning away from Russian oil despite plans to work with Poland to find alternative supply.
* Decisions on oil output taken by OPEC+ countries reflect consensus in the group, the Saudi foreign minister said on Tuesday after reports of differences among members. (Reporting by Reuters; Editing by Mark Porter)
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