By Russia's
MOSCOW, Feb 27 (Reuters) - Urals crude differentials kept stable on Thursday, while loadings of the grade from Russia's western ports bound for Turkey fell to the lowest level since December 2022 after Turkey’s largest oil refiner Tupras stopped buying Russian oil.
Russia's oil loadings from its ports for delivery to Turkey, which are solely Urals crude, fell to average some 110,000 barrels per day (bpd) in February, down from some 370,000 bpd last month, LSEG data and Reuters calculations showed.
OPEC+ is debating whether to raise oil output in April as planned or freeze it as its members struggle to read the global supply picture because of fresh U.S. sanctions on Venezuela.
PLATTS WINDOW
No bids or offers were shown for Urals, Azeri BTC and CPC Blend in the Platts window on Thursday.
NEWS
The Iraqi government has made a fresh attempt to deem all Kurdish production-sharing oil contracts illegal by filing new papers to a court in Baghdad, a document showed and a government official told Reuters.
The move casts further doubt on the speedy resumption of oil exports from Iraq's semi-autonomous Kurdistan region, promised by Baghdad, after a nearly two-year halt.
The price of Russia's Urals flagship oil blend in roubles has declined in February on average by around 15% below the level targeted in the federal budget for 2025 due to the currency's firming and the global price's weakening.
(Reporting by Reuters;Editing by Elaine Hardcastle)
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