Med crude-Urals diffs rise on Russia's Surgut spot tender results stronger bid

Equus Mining

16/12/2021 18:47

MOSCOW, Dec 16 (Reuters) - Urals crude oil differentials to
dated Brent rose on Thursday on Russia's Surgut sell tender
results and stronger bid in the afternoon trading window.
    * Traders expect the Urals provisional loading plan for
dates
after Jan. 5 to emerge early next week.

    TENDER
    * Russia's Surgutneftegaz sold to BP and Litasco in a spot
tender
two 100,000-tonne cargoes of Urals crude loading from the Baltic
ports of Primorsk on Jan. 4-5 and from Ust-Luga on Jan. 2-3
respectively.
    * Both cargoes were sold at around dated Brent minus $1.15
per
barrel when adding freight costs to an original FOB differential
- above the latest price estimations for the grade, traders
added.
    * The tender closed on Dec. 16 at 1400 Moscow time (1100
GMT).    

    PLATTS WINDOW
    * Shell bid for 100,000 tonnes of Urals from Primorsk over
Jan.
4-8 at dated Brent minus $1.20 a barrel without finding a
seller.
    * There were no bids or offers for CPC Blend or Azeri BTC in
the
Platts window on Thursday, traders said.
NEWS

    * Spot premiums for February-loading Russian ESPO crude, a
popular
grade among China's independent refiners, slipped to the lowest
in four months after Russia's Surgutneftegaz sold two
cargoes. urn:newsml:reuters.com:*:nL1N2T104A


 (Reporting by Olga Yagova and Gleb Gorodyankin)
 ((gleb.gorodyankin@thomsonreuters.com;))