Med crude-Urals diffs drift sideways

Reuters

Jan 23, 2025

MOSCOW, Jan 23 (Reuters) - Urals crude differentials to dated Brent kept steady on Wednesday as middlemen supplying Russian oil were not offering cargoes due to new U.S. sanctions targeting Russian producers and vessels, according to the finance chief at Indian refiner Bharat Petroleum.

India has allowed Russian insurer Soglasie Insurance Company to provide marine cover to tankers entering Indian ports, according to Indian ship regulator's website, as New Delhi wants steady supply of cheaper Russian oil despite latest U.S. sanctions.

Under the former Biden administration, the U.S. Treasury on Friday imposed sanctions on Russian oil producers Gazprom Neft and Surgutneftegas, as well as 183 vessels that have shipped Russian oil, targeting the revenues Moscow has used to fund its war with Ukraine.

PLATTS WINDOW

* No bids or offers were shown for Urals, Azeri BTC or CPC Blend in the Platts window on Wednesday.

NEWS

* Kazakhstan plans to supply up to 127,000 tonnes of oil to Germany via the Druzhba pipeline in January, Russia's Interfax news agency reported on Wednesday, citing Kazakh oil pipeline operator KazTransOil.

* TABLE - Russian Urals crude primary allocations in January 2025.

(Reporting by Reuters; Editing by Cynthia Osterman)

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India has allowed Russian insurer Soglasie Insurance Company to provide marine cover to tankers entering Indian ports, according to Indian ship regulator's website, as New Delhi wants steady supply of cheaper Russian oil despite latest U.S. sanctions.   Under the former Biden administration, the U.S. Treasury on Friday imposed sanctions on Russian oil producers Gazprom Neft and Surgutneftegas, as well as 183 vessels that have shipped Russian oil, targeting the revenues Moscow has used to fund its war with Ukraine.   PLATTS WINDOW   * No bids or offers were shown for Urals, Azeri BTC or CPC Blend in the Platts window on Wednesday.    NEWS   * Kazakhstan plans to supply up to 127,000 tonnes of oil to Germany via the Druzhba pipeline in January, Russia's Interfax news agency reported on Wednesday, citing Kazakh oil pipeline operator KazTransOil.   *         TABLE - Russian Urals crude primary allocations in January 2025.(Reporting by Reuters; Editing by Cynthia Osterman)","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}