Med crude-Urals diffs stable, China's increased purchases of April-loading barrels

Kitco Media
By Reuters
Published:
Updated:
Reuters
MOSCOW, April 24 (Reuters) - Urals crude oil differentials to dated Brent were stable on Monday, while China increased purchases of April-loading barrels of the grade from Russia's western ports.


* Urals exports from Russia's ports of Primorsk, Ust-Luga and
Novorossiisk in April bound for China may hit an 11-month high supporting its prices, traders said and Refinitiv Eikon data showed.
* Russia's oil output this year is on course to top 480 million tonnes, or about 9.6 million barrels per day (bpd), a Russian government source familiar with the data told Reuters. PLATTS WINDOW
* No bids or offers were made for Urals, Azeri BTC or CPC Blend in the Platts window on Monday, traders said. NEWS
* Russia's main oil-producing region of Khanty-Mansiisk (Yugra) in West Siberia boosted oil well drilling in March as it tries to keep up production capacity amid Russian output cuts, according to an industry source and industrial data seen by Reuters.
* Kazakh oil can help ensure the Czech Republic's energy security after it stopped importing Russian crude, Czech Prime Minister Petr Fiala said on a visit to the Central Asian country. (Reporting by Reuters)

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