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Med crude-Urals diffs steady, Azeri BTC exports from Ceyhan set to fall 7.5% in Aug



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MOSCOW, July 8 (Reuters) -Urals crude differentials to dated Brent kept steady on Monday, while Azeri BTC crude oil exports from Turkey's Ceyhan terminal were set at 17.75 million barrels for August compared with 19.19 million barrels in July.

  • On a daily basis, Azeri BTC oil loadings will decline by 7.5% next month compared with July, Reuters calculations show.

  • Rosneft's Black Sea oil refinery in Tuapse resumed operations on July 1 after being offline since a drone attack in mid-May, three industry sources familiar with the plant's operations told Reuters.

PLATTS WINDOW

  • No bids or offers were made for Urals, CPC Blend or Azeri BTC crude in the Platts window on Monday.

NEWS

  • Kazakhstan will compensate for oil output exceeding its OPEC+ quota in the first half of this year by September 2025, its energy ministry said on Monday, adding that it has prepared a detailed plan for gradual compensation.



Reporting by Reuters; Editing by Susan Fenton

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