Urals crude differentials to dated Brent remained unchanged on Friday, while the grade’s exports in October were expected to rise, traders said.

Russia’s seaborne crude exports and transits from its western ports will rise in October from September, as domestic oil plants undergo seasonal maintenance while a ban on oil product exports will send refinery runs even lower, according to traders’ data and Reuters calculations.

According to two sources, Urals, KEBCO and Siberian Light oil loadings from the ports of Primorsk, Ust-Luga and Novorossiysk next month will rise above 2.3 million barrels per day (bpd) from some 2.1 million tonnes in the revised September plan.

Britain is discussing the efficacy of a price cap on Russian oil with its Group of Seven partners given a shift in global oil prices, UK Treasury Minister Joanna Penn said on Thursday.

PLATTS WINDOW

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

NEWS

Russia may introduce quotas on overseas fuel exports if a complete export ban imposed last week does not succeed in bringing down persistently high gasoline and diesel prices, its Deputy Prime Minister Alexander Novak said.
Source: Reuters (Reporting by Reuters; Editing by Alison Williams)