Med crude-Urals diffs steady, outright prices for the grade climbed back above $60/bbl
MOSCOW, Nov 6 (Reuters) -Urals crude oil differentials to dated Brent kept stable on Wednesday, while outright prices for the grade have climbed back above $60 per barrel at Russian Baltic and Black Sea ports on firmer Brent, traders said and Reuters calculations showed.
Softer shipping costs at key export routes to Asia and stable prices in Indian ports provided support to Urals FOB estimates, according to market sources.
Discounts in Indian ports, main market for seaborne Urals oil, remained steady - at $3.50-3.80 per barrel to dated Brent, traders said.
Russia will stick to its commitments to the OPEC+ group of leading oil producers and has reached its promised oil output level of 9 million barrels per day, Deputy Prime Minister Alexander Novak said on Wednesday.
PLATTS WINDOW
No bids or offers were shown for Urals, Azeri BTC or CPC Blend in the Platts window on Wednesday.
NEWS
Former President Donald Trump's return to the White House could mean tougher enforcement of U.S. oil sanctions against Iran, potentially trimming global supplies, but his administration could struggle to get China, Iran's top crude customer, to cooperate, analysts said.
Reporting by Reuters; Editing by Richard Chang
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