off-the-wire

Med crude-Urals diffs steady, Novorossiisk resumed oil loadings after storm

Kitco Media
By Reuters
Published:
Updated:
Reuters
MOSCOW, March 14 (Reuters) - Russian Urals crude differentials kept steady on Tuesday, while March loading cargoes clear smoothly amid healthy demand for the grade in Asia, traders said.
* Russia's Black Sea port of Novorossiisk resumed oil loadings on March 14 after a storm.
* Kazakhstan plans to ship 20,000 tonnes of crude to Germany this month via the Russian Druzhba pipeline and the same volume in April. PLATTS WINDOW
* No bids or offers were made for Urals, Azeri BTC or CPC Blend in the Platts window on Tuesday, traders said. NEWS


* Russia's offline primary oil refining capacity has been revised up by 78% for March from the previous plan to 1.684 million tonnes, according to data from industry sources and Reuters calculations.
* OPEC expects Chinese oil demand to grow by 710,000 bpd in 2023, up from last month's forecast of 590,000 bpd and a contraction in 2022. (Reporting by Reuters; Editing by Tomasz Janowski)

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.