24 January 2019, News Wires — Urals crude differentials were stable on Wednesday as market players waited for a provisional lifting plan for all of February to emerge later this week, while CPC Blend and Azeri BTC softened, trade sources said.
In the Platts window, Trafigura offered 100,000 tonnes of Urals from Primorsk or Ust-Luga on Feb. 13-17 at dated Brent plus $0.30 a barrel, but withdrew.
Urals differentials in northwest Europe were assessed at a premium of some $0.05 a barrel on Tuesday.
Glencore offered 85,000 tonnes of CPC Blend on Feb. 3-7 at dated Brent minus $1.60 a barrel, down by 25 cents from its offer on Tuesday and at the lowest level since last November.
Socar offered 600,000 barrels of Azeri BTC ex-Ceyhan or Supsa down to dated Brent plus $1.75 a barrel, but found no buyer.
There were no bids or offers for Urals and Siberian Light in the Mediterranean on Wednesday.