Russian Urals crude differentials held steady on Friday, while oil loadings from the Black Sea port of Novorossiisk were suspended due to a storm, market sources told Reuters.

As of March 10, the port has still to load 100,000 tonnes of Urals from a February loading plan.

Due to repeated storms Novorossiisk failed to load 0.98 million tonnes of crude from the February programme, according to data from market sources. Of this 0.82 million tonnes were carried over to March, while the loading of 0.16 million tonnes was cancelled, the data showed.

PLATTS WINDOW

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

NEWS

Japan’s Inpex will send a test batch of 7,000 tonnes of Kashagan crude from Kazakhstan via the Baku-Tbilisi-Ceyhan (BTC) pipeline this month, pipeline operator KazTransOil said on Friday.
Source: Reuters