Med crude-Urals diffs stable, Azeri BTC loadings set to rise in April

Kitco Media
By Reuters
Published:
Updated:
Reuters
MOSCOW, March 8 (Reuters) - Urals crude differentials were stable, while Azeri BTC oil exports from Ceyhan were set to rise in April.
* Azeri BTC crude oil exports from Turkey's Ceyhan port have been set at 18.43 million barrels for April, up from 15.92 million barrels in March, the schedule showed on Wednesday.
* On a daily basis exports will rise by 20% next month.
* The rise in exports is expected as the terminal should soon restore full operations after the earthquake in February. PLATTS WINDOW
* No bids or offers were made for Urals, Azeri BTC or CPC Blend in the Platts window on Wednesday, traders said. NEWS
* There is no need for the Organization of the Petroleum Exporting Countries to increase oil output to make up for Russia's 500,000 barrel per day cut, Angola's secretary of state for oil and gas told Reuters on Wednesday.
* U.S.-led international sanctions on Russia have begun to erode the dollar's decades-old dominance of international oil trade as most deals with India - Russia's top outlet for seaborne crude - have been settled in other currencies. (Reporting by Reuters)
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