MOSCOW, Nov 11 (Reuters) - Urals crude oil differentials were...

MOSCOW, Nov 11 (Reuters) - Urals crude oil differentials were unchanged on Wednesday, while Lukoil's trading arm Litasco unsuccessfully offered a cargo of the grade loading from Baltic ports at the end of November.

• Demand for Urals oil was expected to weaken due to low diesel cracks and the possibility of product overhang in the European market caused by coronavirus-related lockdowns.

• Values of lighter Caspian oil grades, CPC Blend and Azeri BTC, were supported a little by firmer light distillate margins, traders said.

• The CPC Blend loading plan for December was expected on Thursday, they added.

PLATTS WINDOW

• Litasco offered 100,000 tonnes of Urals oil for loading from Baltic ports on Nov. 21-25 at dated Brent plus $0.40 per barrel, but failed to find a buyer.

• The offer was above the recent market estimates of the grade, traders said.

• There were no bids or offers for Urals loading from Novorossiisk, CPC Blend or Azeri BTC, traders said.

NEWS

• OPEC+ could extend the group's current oil production cuts into 2021 or deepen them further if market conditions require, Algeria's energy minister told an industry event on Wednesday.

• Iran's oil exports have averaged 600,000 to 700,000 barrels per day (bpd) since March despite U.S. sanctions on its energy industry, an Iranian official said on Wednesday, far exceeding estimates by agencies monitoring the country's crude sales.