off-the-wire

Med crude-Urals diffs unchanged, loadings set to rise 9% in March m/m

Kitco Media
By Reuters
Published:
Updated:
Reuters
MOSCOW, March 20 (Reuters) - Russian Urals crude oil differentials were unchanged on Friday, while loadings in March were expected to rise 9% from February.
* Crude oil exports and transit of Urals, KEBCO and Siberian Light oil grades from Russia's western ports are expected to rise 9% in March from February, data from trade sources and Reuters calculations showed.


* Loadings are expected to rise after several oil cargoes meant for loadings from Novorossiisk port in February were postponed to March.
* Freight rates for April-loading cargoes of Urals oil eased, attracting more buying interest from refiners in Asia.
* Traders expected lower transport costs to support prices for Urals oil in April. PLATTS WINDOW
* No bids or offers were made for Urals, Azeri BTC or CPC Blend in the Platts window on Monday, traders said. NEWS


* Russian oil major Tatneft increased oil output by 4.6% last year to 29.1 million tonnes, the company said on Monday in a management document analysing its 2022 performance.
* Global commodities trader Vitol said on Monday its 2022 revenues shot up to $505 billion, a jump of 80% from a year earlier. (Reporting by Reuters; Editing by Alison Williams)

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