MOSCOW, Dec 7 (Reuters) - Urals crude oil differentials to dated Brent were unchanged again on Tuesday as traders wait for more action in the Caspian oil market after loading plans for Azeri BTC and CPC Blend in January emerge this week.
- Urals oil exports from Black Sea port Novorossiisk were affected badly by bad weather in the region, traders said.
- Continuing storms that cause loading disruptions made loadings from the Black Sea costly for tanker charterers and as a result made the route less attractive for traders, market participants said.
- Loading delays in Novorossiisk were at 1 to 5 days as of Dec. 7, two traders familiar with the port plans said.
- Urals oil refining margins on Mediterranean refineries were at $1.65 per barrel on Tuesday, up from $0.90 per barrel for the last 15 days on average, Refinitiv Eikon data showed.
REF/MARGIN1 PLATTS WINDOW
- There were no bids or offers for Urals, CPC Blend or Azeri BTC in the Platts window on Tuesday, traders said. NEWS
- A coming transition from oil and gas to renewables will be "messy" for many years and lead to sharp energy price volatility as demand and supply clash, top energy executives said on Tuesday.
- Recent shifts in the relative price of different crude grades have dealt oil exporters from the vast Atlantic Ocean basin the best chance in months to sell to top consuming region Asia, but sales have been sluggish as COVID-19 fears cool demand.
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