Urals crude oil differentials to dated Brent remained unchanged on Friday in a quiet trading day.

Urals oil loading plan for November is expected to emerge by the end of the next week, traders said.

PLATTS WINDOW

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

NEWS

Russia’s oil and gas revenue in October is set to jump to 1.17 trillion roubles ($12.16 billion), up 52% from September thanks to the once-a-quarter payment of oil profit-based tax, Reuters calculations showed.

Spot premiums for Russia’s Far East ESPO Blend crude oil have firmed to more than a $1 per barrel premium as worries of possible supply disruption from Iran and firmer prices for Abu Dhabi’s Murban oil fuelled Chinese refiners’ demand, trade sources said.
Source: Reuters (Reporting by Reuters; Editing by Mark Porter)