Med crude-Urals differentials stable, Russia restored full oil supply via southern Druzhba in May

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Chevron Corporation

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- Urals crude differentials remained stable to dated Brent on Wednesday, while Russia's oil exports to Hungary and Slovakia via the Druzhba pipeline were restored to normal levels of 165,000 barrels per day in May.

Slovakia and Hungary began receiving crude oil through the pipeline on April 23 following a months-long outage. May is the first full month of oil delivery via the route following its resumption.

Russia's Saratov oil refinery has been out of operation since May 31 after damage from a drone attack, two sources with knowledge of the matter told Reuters.

Most of the major refineries in central Russia have recently suffered outages after drone attacks, freeing up more crude oil for exports.

PLATTS WINDOW

  • There were no bids or offers on Wednesday for Urals, CPC Blend and Azeri BTC, traders said.

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