Supply Chain Council of European Union | Scceu.org
Transportation

Med crude-Urals diffs firm as February programme emerges – Agricultural Commodities

MOSCOW, Jan 27 (Reuters) – Urals crude oil differentials firmed as Surgutneftegaz sold two Baltic cargoes at higher price levels while a full February loading plan released on Monday showed ample supplies planned for next month.

* Urals crude oil loadings from Russia’s Primorsk and Ust-Luga ports are set at 6.1 million tonnes in February, down from 6.5 million tonnes in January.

* Urals and Siberian Light February loadings from the Black Sea port of Novorossiisk are set at 2.18 million tonnes, against 2.12 million tonnes in January plan, the schedule showed.

TENDERS

* Russia’s Surgutneftegaz sold in a spot tender on Monday 200,000 tonnes of Urals crude for loading from Ust-Luga over Feb. 10-11 and Feb. 13-14, traders said.

* The cargoes were sold to China’s Unipec and Spain’s Repsol at dated Brent minus roughly $1.50 a barrel, when adding freight to an original FOB differential. The price was 20 cents a barrel firmer than recent trades.

* Surgutneftegaz also issued a spot tender to sell two 140,000-tonne cargoes loading from Novorossiisk over Feb. 15-16 and Feb. 17-18. The producer also offered a 100,000-tonne cargo loading Feb. 19-20 from Ust-Luga.

* The tender closes on Jan. 28 at 1400 Moscow time (1100 GMT).

* Russia’s Rosneft issued a tender on Monday to sell between 3.12 million tonnes and 14.28 million tonnes of Urals crude oil for loading from Russian ports from April to September. The company also offered between 0.48 million tonnes and 1.35 million tonnes of CPC Blend loading in the same period. PLATTS WINDOW

* Litasco offered 100,000 tonnes of Urals for Feb. 10-14 loading from Primorsk at dated Brent minus $1.30 a barrel but withdrew after failing to find a buyer.

* There were no bids or offers for Urals loading from Novorossiisk, CPC Blend or Azeri BTC crude oil in the Platts window on Monday, traders said.

RELATED NEWS

* Azeri state energy company SOCAR has halted oil shipments via Russia for technical reasons, the company’s spokesman said on Monday.

* The head of Libya’s state oil company warned on Monday that if the international community tolerates a blockade against the country’s oil industry it would be complicit in ending the rule of law in the country.

* Green groups on Monday called for a ban on the use of new low-sulphur fuel in the Arctic region, citing research showing that blends of the marine fuel contributed to highly polluting black carbon emissions. (Reporting by Olga Yagova Editing by David Goodman)

Related posts

Ocean carrier CMA CGM buys jets for new air cargo unit

scceu

Will Boeing soon bid farewell to 747 production?

scceu

Women occupy just 5% of maritime leadership roles

scceu