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Med Crude-Urals down in NWE as provisional plan shows exports up 8.6 pct in Sept/Aug
August 24, 2017 / 4:09 PM / a month ago

Med Crude-Urals down in NWE as provisional plan shows exports up 8.6 pct in Sept/Aug

MOSCOW, Aug 24 (Reuters) -

* Urals crude differentials to dated Brent in northwest Europe fell again on Thursday after a provisional loading plan for Baltic ports for next month showed September exports rising by 8.6 percent on a daily basis from August.

* Urals loadings in Primorsk will rise to 3.7 million tonnes from 3.3 million tonnes in August, while supplies from Ust-Luga will fall by 0.1 million tonnes to 2.5 million tonnes, the document seen by Reuters said.

* The provisional loading plan for the Black Sea port of Novorossiisk for the full month of September was not immediately available.

* In the Platts window, Glencore sold to BP a 100,000-tonne cargo of Urals for loading from Primorsk or Ust-Luga on Sept. 3-7 at minus $1.25 a barrel to dated Brent, traders said, down 20 cents from assessments on Wednesday.

* Urals in northwest Europe has lost some $1.10 a barrel since Aug. 10, but that may change, as September’s export upswing was short of traders’ expectations earlier in August, Reuters sources said.

* There were no bids and offers for Urals and Azeri BTC in Mediterranean on Thursday.

* In CPC Blend, Shell sold to Vitol 90,000 tonnes of the grade for Sept. 9-13 at dated Brent minus $0.95 a barrel, also down from the latest assessments.

* Russia’s Surgutneftegaz called a tender to sell 140,000 tonnes of Urals crude for loading from Novorossiisk on Sept. 10-11. The tender closes on Aug. 25 at 1400 Moscow time.

* Royal Dutch Shell said it had restarted “almost all” units at its 404,000 barrels per day (bpd) oil refinery in Rotterdam, the largest in Europe.

* Russia will increase oil production at its offshore energy projects by more than 20 percent this year, Russian Deputy Energy Minister Kirill Molodtsov told a news conference. (Reporting by Gleb Gorodyankin) ))

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