Urals crude differentials to dated Brent remained unchanged on Friday, while July volumes continued to trade quietly.

There were not many July-loading Urals oil cargoes available in the market as demand was high, while exports of the grade were seen lower, traders said.

Russia’s seaborne oil exports from Primorsk, Ust-Luga and Novorossiisk will fall to 1.9 million barrels per day (bpd) in July from 2.3 million bpd in June as domestic refineries increase runs.

PLATTS WINDOW

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

NEWS

Eni ENI.MI. is in talks to secure slots in the oil terminal in the Polish port of Gdansk to receive oil it processes in PCK Schwedt refinery in Germany, in which the Italian energy group owns a minority stake.
Source: Reuters (Reporting by Reuters)