25 January 2018, News Wires — Urals differentials weakened against dated Brent on Thursday, falling to a discount to the benchmark as market participants anticipated ample supply for February.
* The Urals crude oil loading plan for the next month is expected to be released on Friday, traders said. In the loading plan for the first 10 days of February issued earlier this week Urals exports from Baltic ports were seen higher than in January.
* In the Platts window Trafigura offered a Urals cargo for loading from Baltic ports on Feb. 14-18 at dated Brent minus$0.05 a barrel, which was about 15 cents a barrel lower than recent estimates, but failed to find a buyer, traders said.
* Litasco bid for a similar cargo loading on Feb. 9-13 at a similar price level, but failed to find a seller and withdrew, traders said.
* At the same time Glencore offered a Urals cargo for loading ex-Baltic ports on Feb. 5-9 at parity to dated Brent, but also failed to find a buyer, traders said.
* There were no bids or offers for Urals loading from Novorossiisk port, Azeri BTC or CPC Blend crude oil grades in the Platts window on Thursday, traders sai