Russia’s Surgutneftegaz did not award its spot tender for 200,000 tonnes of Urals oil from Baltic ports in March as the company received no bids from buyers, three traders said on Monday.

The producer offered two cargoes of 100,000 tonnes each loading on March 10-11 from the Primorsk and Ust-Luga ports for the second time, after it failed to award the cargoes in a tender last week due to low prices.
Source: Reuters (Moscow Newsroom; Editing by Jan Harvey)