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Med Crude-Urals diffs down in NWE in anticipations of ample supplies in Sept
August 18, 2017 / 4:48 PM / a month ago

Med Crude-Urals diffs down in NWE in anticipations of ample supplies in Sept

MOSCOW, Aug 18 (Reuters) -

* Urals crude differentials to dated Brent in northwest Europe were down on Friday in anticipation of ample supplies in September, traders said.

* They expect to see an extended loading plan for September early next week with higher supplies from Primorsk and Ust-Luga compared with the August lifting schedule.

* In the Platts window Vitol sold to Eni 80,000 tonnes of Urals for loading from Novorossiisk on Sept. 1-5 down to dated Brent minus $0.40 a barrel, traders said. That was in line with the latest estimates for the grade in the region BFO-URL-E

* Litasco offered a cargo of the same size for Sept. 1-5 loading at minus $0.10 a barrel.

* In the Baltic Vitol offered a 100,000-tonne cargo of Urals for Aug. 30 - Sept. 3 down to minus $0.45 a barrel to dated Brent.

* Glencore offered a cargo of the same size on Aug. 28 - Sept. 1 down to minus $0.55 a barrel without finding a buyer.

* Urals ex-Primorsk and Ust-Luga was assessed at a discount of some 40-50 cents a barrel to dated Brent on Thursday.

* In CPC Blend Glencore offered 135,000 tonnes of the grade for Aug. 28 - Sept. 1 loading down to minus $0.60 a barrel.

* There were no bids or offers for Azeri BTC and Siberian Light in the Platts window on Friday.

* Oil loadings from the Russian Black Sea port of Novorossiisk have resumed after a storm, Russia’s oil pipeline operator Transneft said on Friday. [nR4N1KU02O

* Russia’s Surgut will likely place two 100,000-tonne cargoes for loading early in September with term buyers instead of calling spot tender, Reuters sources said, but it couldn’t be verified. (Reporting by Gleb Gorodyankin; Editing by Greg Mahlich) ))

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