* Traders expected China to continue ramping up imports of
May-loading Urals oil.
* Competition between currently main buyers of seaborne
Urals,
India and China, may support the grade's differentials again,
traders said, although there were no signs of significant
changes in price levels at ports of delivery so far, they added.
* Russia's deputy energy minister, Pavel Sorokin, said he
hoped
freight rates for Russian oil return to normal levels within a
year or so.
* Most recently freight rates for Urals oil from Baltic
ports to
Indian ports were estimated at $7.5 million for the route and at
$10 million to Chinese ports, traders said.
PLATTS WINDOW
* No bids or offers were made for Urals, Azeri BTC or CPC
Blend in
the Platts window on Tuesday, traders said.
NEWS
* Global diesel margins have slumped by about half since
February,
dragging on refiners' profits, as Russian exports continue
despite sanctions, helping output from China and India reach
all-time highs in March.
(Reporting by Reuters; Editing by Mark Porter)
MOSCOW, April 25 (Reuters) - Urals crude oil
differentials to dated Brent were stable on Tuesday, while
May-loading cargoes of the Russian grade were finding buyers.
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.