Med crude-Urals differentials unchanged, June exports in focus
Chevron Corporation CVX | 0.00 |
MOSCOW, May 28 (Reuters) - Urals crude differentials remained stable to dated Brent on Thursday, while traders tried to estimate the grade's availability for the next month given ongoing drone attacks on Russian oil infrastructure.
June Urals oil loadings are expected to remain ample as domestic consumption of crude oil is in decline amid a flurry of unplanned refinery maintenance following Ukrainian drone attacks. Low refinery runs in Russia may result in fuel shortages, traders said.
As refineries run less crude oil, more volumes are available for exports, they said. Despite multiple attacks on Russian western oil ports this spring, currently all outlets are loading crude oil close to normal pace, according to traders and shipping data.
Russian crude exports are expected to be stable in 2026, on par with 2025, Nikolai Tokarev, head of Russia's oil pipeline monopoly Transneft was quoted as saying on Thursday by news agencies.
He also said, according to TASS, that Transneft will expand the oil loading capacity of the far eastern port of Kozmino to 50 million metric tons per year.
PLATTS WINDOW
There were no bids or offers on Thursday for Urals, CPC Blend and Azeri BTC, traders said.
NEWS
U.S. crude, gasoline and distillate stockpiles fell last week, the Energy Information Administration said on Thursday, as demand from refiners and consumers rose.
A liquefied natural gas carrier has departed from a Russian outlet and sailed east towards Asia, LSEG data showed on Thursday, the first tanker this year to set sail along the Northern Sea Route as navigation along the route opens earlier than usual.
