Med crude-Urals diffs steady ahead of Russia's Surgut sell tender

Equus Mining

15/12/2021 18:41

MOSCOW, Dec 15 (Reuters) - Urals crude oil differentials
were steady again on Wednesday in muted trade, as buyers and
sellers of the grade awaited the results of a Surgut spot tender
closing on Thursday to set the direction for Russia's export
blend in January.
    * Russia plans to decrease oil loadings from its western
ports of
Primorsk, Ust-Luga and Novorossiisk to 1.12 million tonnes for
Jan. 1-5 from 1.3 million tonnes in its Dec. 1-5 plan, the
loading schedule released on Wednesday showed. urn:newsml:reuters.com:*:nL8N2T02ZC

    TENDER
    * Russia's Surgutneftegaz offered via a spot tender two
Urals
cargoes of 100,000 tonnes each: one loading from Primorsk on
Jan. 4-5 and the other from Ust-Luga on Jan. 2-3. urn:newsml:reuters.com:*:nL1N2T01OK
    * The tender closes on Dec. 16 at 1400 Moscow time (1100
GMT).

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

    * Russia's oil export duty  CL-EXPDTY-RU  is set to fall to
$46.7
per tonne on Jan. 1 from $77.5 in December, the finance ministry
said on Wednesday, as the government has been implementing tax
reform, which will gradually reduce the export duty to zero by
the start of 2024. urn:newsml:reuters.com:*:nL8N2T02L0


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