Med crude-Urals differentials stable, CPC Blend differentials firm

Kitco Media
By Reuters
Published:
Updated:
Reuters
MOSCOW, March 13 (Reuters) - Russian Urals crude differentials were unchanged again on Monday, while prices for CPC Blend cargoes firmed amid good demand.
* CPC Blend oil cargoes loading at the end of March and in April traded last week at around dated Brent minus $3.50 per barrel, firmer than the previous estimations, traders said.
* Demand for CPC Blend oil cargoes was good among European refiners that were seeking to replace Russian oil with alternative grades.
* Exports of Siberian Light oil from the Black Sea's Novorossiisk fell to 0.08 million tonnes in March, the lowest level since October 2022, due to storms, two traders familiar with the port's loadings said.
* Russian Urals oil transfers via STS (ship-to-ship) facilities near European states rose 7% in February from January on a daily basis, according to traders, Refinitiv Eikon data and Reuters calculations on Monday. PLATTS WINDOW
* No bids or offers were made for Urals, Azeri BTC or CPC Blend in the Platts window on Monday, traders said. NEWS


* Commodities trader Trafigura smashed its previous profit records to make around $3.5 billion in the first quarter of its current financial year, four sources with knowledge of the matter told Reuters, benefiting from volatile energy prices. (Reporting by Reuters; Editing by Paul Simao)

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