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Urals differentials the same in quiet trade

Posted to Maritime Reporter on June 4, 2024

Urals crude differentials were stable on Tuesday in quiet trade, as Juneloading cargoes approached the end of their trading duration, traders said. Only a few Urals oil freights were readily available in the market and traders began to show need for July volumes, however the initially filling dates are expected next week. Rosneft's Komsomolsky refinery completely shut oil processing on May 21 for a month of maintenance, 5 industry sources stated. PLATTS WINDOW * No quotes or deals were made for Urals, CPC Blend and Azeri BTC crude in the Platts window on Tuesday. NEWS * Azerbaijan's stateowned oil business SOCAR prepares to suspend operations at its oil refinery for an arranged onemonth maintenance period from November 2024, the company stated on Tuesday. * The petroleum tanker market is facing an ageing fleet of vessels which require to be changed, posturing a difficulty as shipyards are concentrated on constructing other kinds of ships, a top executive with commodity trader Trafigura stated on Tuesday.