Urals crude oil differentials to dated Brent were stable on Friday, while Azeri BTC oil loadings from Turkey’s Ceyhan port were set for a mild rise in December.

Azeri BTC daily crude oil exports from Turkey’s Ceyhan port have been set at 18.33 million barrels in December compared with 17.64 million barrels in November, the schedule seen by Reuters showed on Friday.

On a daily basis, Azeri BTC oil loadings will rise by almost 1% next month compared with November, Reuters calculations show.

PLATTS WINDOW

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

NEWS

China reduced daily purchases of Russian Arctic oil grades, Novy Port, ARCO and Varandey, by more than a fifth in January-October this year compared with the same 2023 period, according to data and calculations by analytical firm Vortexa and Reuters.

U.S. oil refiners this quarter expect to run their plants at above 90% of their crude processing capacity on low inventories and improving demand for gasoline and diesel, executives and industry experts said.
Source: Reuters (Reporting by Reuters)