home Latest News Med Crude-Urals diffs unchanged in muted trade – Reuters Africa

Med Crude-Urals diffs unchanged in muted trade – Reuters Africa

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MOSCOW, Sept 11 (Reuters) – Urals crude differentials to dated Brent were stable on Wednesday in quiet trade, while exports of CPC Blend to Asia are set to reach an all-time high in September.

Kazakh CPC Blend crude oil supplies to Asia in September will exceed 2.0 million tonnes as China increases the grade’s purchases to replace U.S. crude it slapped with tariffs this month, according to trading sources and loading data.

PLATTS WINDOW

* There were no bids or offers for Urals, or CPC Blend or Azeri BTC in the Platts window. RELATED NEWS

* Russian Energy Minister Alexander Novak said he and Saudi Arabia’s new energy minister agreed that all parties should implement the global oil output deal between OPEC and its allies.

* OPEC and its allies will discuss whether there is a need for deeper production cuts at a ministerial committee meeting on Thursday, Iraq’s oil minister said. (Reporting by Gleb Gorodyankin; editing by David Evans)