Med crude-Urals diffs steady, CPC Blend loadings set to fall in June

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MOSCOW, May 14 (Reuters) - Urals crude differentials held steady on Thursday, while Caspian CPC Blend oil exports from Black Sea oil terminals in June are poised to fall to 1.45 million barrels per day, market soureces said.

June loadings of CPC Blend would be about 17% lower on a daily basis than in May, which is set to hit a multi-month high, according to Reuters calculations.

According to sources, the reduction is due to planned maintenance at Kazakhstan’s giant Kashagan oilfield, that is set to start in early June and may last more than 30 days.

PLATTS WINDOW

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

NEWS

  • Gazprom's gas processing plant in Russia's southern Astrakhan region has halted motor fuel production after a fire broke out on May 13 following a drone attack, two industry sources told Reuters.


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