Med crude-Urals diffs steady, Azeri BTC exports set to decline in August

Chevron Corporation

Chevron Corporation

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MOSCOW, July 8 (Reuters) - Urals crude differentials to dated Brent were little changed on Wednesday, while Azeri BTC daily crude oil loadings from Turkey's Ceyhan port were set to decline 13% in August versus July.

Azeri BTC crude oil exports have been set at 13.80 million barrels in August compared with 15.81 million barrels in the July plan, the schedule seen by Reuters showed.

Russia introduced a ban on diesel exports on Wednesday and will begin importing fuel in July as part of measures to address widespread gasoline and diesel supply issues, Deputy Prime Minister Alexander Novak said at a televised government meeting.


PLATTS WINDOW

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

NEWS

  • Ukrainian drones struck three Russian oil refineries, Russian tankers on the Sea of Azov, and pipeline pumping stations, Ukrainian and Russian officials said on Wednesday.

  • Chevron's Yasa Polaris oil tanker, used for Caspian Pipeline Consortium shipments, was attacked by a drone off Russia's Black Sea coast.

  • Russian President Vladimir Putin said on Wednesday that Russia's energy system was one of the strongest in the world, despite what he called enemy attempts to harm the economy.


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