Med crude-Urals differentials stable, Black Sea ports speed up loadings after storm

Kitco Media
By Reuters
Published:
Updated:
Reuters
MOSCOW, March 15 (Reuters) - Russian Urals crude oil differentials remained unchanged on Wednesday, while oil loadings from the Black Sea's Novorossiisk and Yuzhnaya Ozereyevka gained pace after terminals reopened after a storm.
* Some 11 cargoes of CPC Blend oil trapped in the port by storms sailed from Yuzhnaya Ozereyevka port on Tuesday and early on Wednesday as improved weather allowed them to pass customs, two traders said.
* Oil exports from the Black sea port of Novorossiisk that had opened for loadings on Tuesday also got closer to the plan with delays shortened to just one day, traders said.


* Finland, previously one of the European Union states most dependent on Russian oil, halted Urals crude imports last year while increasing purchases from Norway and sourcing barrels from the UK and the United States, Refinitiv Eikon data shows.
* Kazakhstan state oil company KazMunayGaz will start sending crude from the Tengiz oilfield via the Baku-Tbilisi-Ceyhan pipeline this month, Deputy Chief Executive Bulat Zakirov said on Wednesday. PLATTS WINDOW
* No bids or offers were made for Urals, Azeri BTC or CPC Blend in the Platts window on Wednesday, traders said. NEWS


* Russian oil and gas production is expected to decline in 2023, Energy Minister Nikolai Shulginov said on Wednesday, as Moscow comes under pressure from Western restrictions and a lack of European buyers. (Reporting by Reuters. Editing by Jane Merriman)

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