November 26, 2019 / 4:54 PM / 11 days ago

Surgutneftegaz awards 800,000 T of Baltic Urals at deeper discounts

MOSCOW, Nov 26 (Reuters) - Surgutneftegaz in a tender on Tuesday sold 800,000 tonnes of Urals crude oil loading from Russia’s Baltic ports in December at discounts from $1.60 to $2 against dated Brent, traders said.

* On Monday Surgutneftegaz sold a Urals cargo loading from Ust-Luga on Dec. 12-13 at dated Brent minus $1.40-1.50 per barrel.

* On Tuesday Surgutneftegaz sold five Urals cargoes loading from Ust-Luga on Dec. 16-17, 20-21, 22-23, 27-28 and 29-30 and three cargoes loading from Primorsk on Dec. 23-24, 26-27 and 28-29.

* Trading firms Glencore and Litasco, Total and Shell were the buyers of the cargoes, traders said.

* Most of the cargoes were awarded at dated Brent minus $2 per barrel, traders added, while just a couple were sold at discount close to $1.60 per barrel. (Reporting by Olga Yagova; editing by David Evans)

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