Med crude-Urals diffs steady, CPC Blend oil exports to fall in Oct
MOSCOW, Sept 19 (Reuters) -Urals crude differentials to dated Brent kept steady on Thursday, trade sources said, while CPC Blend oil exports will go down in October due to planned maintenance on Kazakhstan's giant Kashagan oilfield.
CPC Blend exports via the Caspian Pipeline Consortium (CPC) pipeline system are set to fall to around 4.2 million metric tons or some 1.1 million barrels per day (bpd) from 4.9 million tons or 1.3 million bpd in September's plan, three sources told Reuters.
Indian refiners are jointly negotiating to purchase Russian oil for next year, a government source said on Thursday, with suppliers mostly using Russian insurance for crude priced above a $60 per barrel cap.
PLATTS WINDOW
There were no bids or offers for Urals, CPC Blend or Azeri BTC in the Platts window on Thursday.
NEWS
Oil prices rose 2% on Thursday after the Federal Reserve's large cut in U.S. interest rates, helping global benchmark Brent crude recover from its lowest in nearly three years hit last week.
Reporting by Reuters;
Latest News
Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.
All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.
Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.
