Med crude-Urals diffs stable, May volumes start to trade

Kitco Media
By Reuters
Published:
Updated:
Reuters
MOSCOW, April 13 (Reuters) - Urals crude oil differentials to dated Brent were unchanged on Thursday, while focus moved to May-loading cargoes.
* Traders said that May-loading Urals oil cargoes started to trade as Asian buyers ordered volumes in advance.
* Demand for May-loading Urals cargoes from buyers in China was higher than for April volumes, traders said, while most of the cargoes were expected to be shipped to India. PLATTS WINDOW
* No bids or offers were made for Urals, Azeri BTC or CPC Blend in the Platts window on Thursday, traders said. NEWS
* OPEC on Thursday flagged downside risks to summer oil demand as part of the backdrop to output cuts announced this month by OPEC+ producers, shedding some light on the factors behind the surprise move that has led to a rise in oil prices. (Reporting by Reuters Editing by Mark Potter)
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