(Corrects time element to Tuesday instead of Monday)
MOSCOW, May 2 (Reuters) - Urals crude differentials to
dated Brent were steady on Tuesday, while India's buying of the
grade in April declined slightly, Reuters calculations showed.
* India slightly decreased its Urals oil buying in April
compared
to record imports in March, while China increased its share of
the Urals market, Refinitiv Eikon data showed and traders said.
* India accounted for about 60% of April-loading Urals
shipments,
while China for 15%, Reuters calculations showed.
* Indian buying was affected by tougher competition from
Chinese
refiners, traders said, though they expected the country's
imports of Russian oil to stay high in coming months.
* Traders expected China to continue ramping up Urals oil
purchases in May.
PLATTS WINDOW
* No bids or offers were made for Urals, Azeri BTC or CPC
Blend in
the Platts window on Monday, traders said.
NEWS
* Kazakhstan's oil export revenues rose by 50% in 2022 as
crude
prices surged, although volumes slipped, data from the Bureau of
National Statistics of Kazakhstan's (BNS) showed.
* Russian oil company Lukoil posted a net profit
under
Russian Accounting Standards (RAS) of 104.3 billion roubles
($1.3 billion) in the first quarter of 2023, down 22% from 133.4
billion roubles in the same period of 2022.
(Reporting by Reuters; editing by Jonathan Oatis)
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.