Marine Link
Sunday, November 17, 2024
Maritime Activity Reports, Inc.

Urals differentials constant, CPC expects lower exports in 2024

Posted to Maritime Reporter on May 29, 2024

Urals crude oil differentials were steady to outdated Brent on Wednesday, while Caspian Pipeline System (CPC) anticipates exports through its system to decline this year.

* CPC, which exports petroleum from Kazakhstan via a Russian Black Sea terminal, anticipates its oil exports to fall 7% short of a. initial target owing to lower loadings from an essential field,. Tengiz, it said on Wednesday.

* CPC Mix oil exports are prepared at 5.3 million metric. loads for. June.

* Tengizchevroil, the Chevron-led Tengiz operator, carried out. set up maintenance on among 6 production trains at the. Tengiz oilfield, leading to a fall in oil output this month. and a decline in CPC Blend exports.

PLATTS WINDOW

* Trading firm Trafigura used 90,000 metric tons of CPC. Mix. oil filling on June 19-23 at dated Brent minus $2.40 per barrel,. firmer than current estimates, however stopped working to discover a purchaser.

* No quotes or deals were produced Urals or Azeri BTC crude. in the. Platts window on Wednesday.

NEWS

* Increasing global oil stocks through April due to soft. fuel. demand may strengthen the case for OPEC+ producers to keep. supply cuts in location when they satisfy on June 2, OPEC+ delegates. and analysts say.

* The growing shadow fleet of tankers transferring. approved. Iranian, Venezuelan and Russian oil is filling with the. least expensive fuel offered, impeding industry efforts to use. cleaner fuel to cut shipping emissions, according to shipping. information and sources.

Subscribe for
Maritime Reporter E-News

Maritime Reporter E-News is the maritime industry's largest circulation and most authoritative ENews Service, delivered to your Email five times per week