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Med Crude-Urals down in NWE for 7th consecutive session as supplies set to rise in Sept
August 25, 2017 / 5:01 PM / a month ago

Med Crude-Urals down in NWE for 7th consecutive session as supplies set to rise in Sept

MOSCOW, Aug 25 (Reuters) - Urals crude differentials to dated Brent in northwest Europe lost another 15 cents a barrel on Friday to hit the lowest level since May 31 after a provisional loading plan for Baltic ports and Novorossiisk showed ample supplies.

* Urals exports from Novorossiisk in September are seen flat compared to August at 2.14 million tonnes, while Siberian Light loadings will rise to 0.65 million tonnes from 0.49 million tonnes.

* Urals loadings in Primorsk will go up 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.

* In the Platts window, Glencore offered a 100,000-tonne cargo of Urals for loading from Primorsk or Ust-Luga on Sept. 7-11 at minus $1.35 a barrel to dated Brent, but found no interest, traders said.

* Vitol offered a similar cargo for Sept. 6-10 down to minus $1.00 a barrel.

* Urals ex-Baltic Sea ports was assessed at minus $1.25 a barrel on Thursday.

* There were no bids and offers for CPC Blend, Azeri BTC and Siberian Light in the Platts window on Friday.

* Russia’s Surgutneftegaz closed a tender to sell 140,000 tonnes of Urals crude for loading from Novorossiisk on Sept. 10-11, but results were not immediately available.

* Zarubezhneft issued a tender to buy 80,000 tonnes of Urals and 35,000 tonnes of Kirkuk for delivery to Omisalj late in September - early in October, the company said on its website. The tender closes on Aug. 29 at 1600 Moscow time. (Reporting by Gleb Gorodyankin, editing by David Evans) ))

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