Med crude-Urals diffs stable again in muted trade

Equus Mining

09/12/2021 17:20

MOSCOW, Dec 9 (Reuters) - Urals crude oil differentials to
dated Brent were stable again on Thursday in muted trade, while
the grade's refining margins looked firmer.    
    * Urals oil cargoes loading in December were mostly placed
with
end buyers, while refiners started to wait for January loading
dates, which may be released early next week, traders said.
    * Complex oil plants refining Urals in the Mediterranean
stood to
make a profit of $1.87 a barrel over the last five days,
compared to a profit of $0.90 over the last 15 days, a refinery
model showed. REF/MARGIN1 


    PLATTS WINDOW
    * There were no bids or offers for Urals, CPC Blend or Azeri
BTC
in the Platts window on Thursday, traders said.
NEWS

    * Oil prices fell on Thursday after measures by some
governments
to slow the spread of the Omicron coronavirus variant and a
ratings downgrade for two Chinese property developers that
stoked fears over the economic health of the world's biggest oil
importer. urn:newsml:reuters.com:*:nL1N2SU05S
    * The gamble taken by OPEC and its allies, under pressure
from top
oil consumer the United States, to raise oil output in January
despite its own forecasts of oversupply, appears to be paying
off as prices stabilise. urn:newsml:reuters.com:*:nL8N2SU51K


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