Urals crude differentials to dated Brent were stable on Friday, while Kazakhstan’s oil and condensate output rose to a new record in the first half of March.

Oil and gas condensate production in Kazakhstan reached 4.6 million metric tons over March 1-16, or 2.16 million barrels per day, sources said. That compared with 2.12 million bpd on average in February.

Kazakhstan’s March oil exports remain high. Exports via the CPC pipeline have been set at 1.7 million bpd for April, in line with the preliminary March plan.

PLATTS WINDOW

No bids or offers were shown for Urals, Azeri BTC and CPC Blend in the Platts window on Friday.

NEWS

Two tankers hit by U.S. sanctions are due to offload Russian Arctic Oil in Syria for the first time, days after Moscow made its first known delivery of diesel there in more than a decade, according to LSEG data, a government source and local TV.
Source: Reuters