Marine Link
Tuesday, July 16, 2024
Maritime Activity Reports, Inc.

Urals diffs constant, Saudi welcomes OPEC+ ministers to Riyadh

Posted to Maritime Reporter on May 31, 2024

Urals unrefined differentials were steady once again on Friday, while sources stated Saudi Arabia had welcomed OPEC+ oil ministers to Riyadh for the group's June 2 policy meeting.

OPEC+ is expected to discuss a complicated deal that may extend deep oil production cuts into 2025, sources from the manufacturer group informed Reuters on Friday.

* Russia's second-largest oil producer Lukoil expects to reboot harmed NORSI oil refinery units in June, industry sources stated on Friday.

* Among the sources stated that the CDU-6 primary system, where operations were stopped in March following a fire, could be tentatively back up as early as Saturday.

* Italy's Eni will supply oil from Kazakhstan's Kashagan field to Germany in June via the Druzhba pipeline, pipeline operator Kaztransoil told Reuters by email on Friday. PLATTS WINDOW

* No bids or deals were produced Urals, CPC Blend and Azeri BTC crude in the Platts window on Friday.

NEWS

* TABLE - Russian Urals unrefined provisionary loading prepare for June 2024.