Urals crude differentials to dated Brent remained stable, while oil loadings from the Black Sea’s Novorossiisk port were suspended on Friday after loadings briefly resumed the day before.

Oil loadings from Russia’s Black Sea port of Novorossiisk were suspended as a storm resumed, two sources familiar with the matter told Reuters on Friday.

Russia’s Black Sea port of Novorossiisk failed to ship some 1.2 million metric tons of the 2.34 million tons of crude initially scheduled for export and transit in November, market sources said and Reuters calculations showed on Friday.

PLATTS WINDOW

There were no bids or offers for CPC Blend, Azeri BTC or Urals oil in the Platts window on Friday.

NEWS

Indian refiners have resumed Venezuelan oil purchases through intermediaries, with Reliance RELI.NS set to meet executives from state firm PDVSA next week to discuss direct sales following the easing of U.S. sanctions on the South American country, people familiar with the matter said.
Source: Reuters (Reporting by Reuters; editing by Barbara Lewis)