Med crude-Urals diffs ease in northwest Europe, CPC Blend firm [Reuters]
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Source: Reuters
Med crude-Urals diffs ease in northwest Europe, CPC Blend firm - Reuters 2 Min Read MOSCOW, May 8 (Reuters) - Urals differentials for cargoes loading from Primorsk eased on Wednesday as trading moved to vessels for loading at the end of May, while CPC Blend differentials improved against dated Brent. * In the Platts window trading firm Trafigura offered 100,000 tonnes of Urals loading from Primorsk port on May 25-29 for the second day in a row and sold it to China’s Unipec at dated Brent plus $0.25 a barrel - 35 cents per barrels lower than its offer on Tuesday, traders said. * There were no bids or offers for Urals loading from Black Sea’s Novorossiisk. * On Caspian grades CPC Blend differentials firmed to BFOE due to higher demand. * In the Platts window Austria’s OMV bid for 85,000 tonnes of the grade for loading from Yuzhnaya Ozereyevka on May 28 - June 1 at dated Brent minus $0.40 a barrel, but failed to find a seller, even though the bid was some 40 cents a barrel firmer than th
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