MOSCOW: Urals differentials were unchanged for the fourth consecutive day on Friday due to lack of trading activity as nearly all of September volumes of the grade have been cleared.
Market participants said that there was hardly anything to trade and they awaited the first loading dates for October to emerge next week.
There were no bids for Urals, Azeri BTC, CPC Blend or Siberian Light in the Platts window on Friday, traders said.
Urals primary allocations from September loading plan are available here -
Urals differentials in northwest Europe could come under pressure due to weak diesel refining margins in the region, which fell on Thursday after data showed ample availability, traders said.
Light Russian Siberian crude oil firmed against dated Brent to a premium of $0.50-0.60 a barrel from $0.20-0.30 a barrel for August volumes along with rising Urals price, traders said.
Azeri BTC loading plan from Ceyhan port in October released on Friday showed exports would rise by 22 percent compared to September.
Recent bids in Azeri BTC market were in line with the latest October trades - around a premium of $2 a barrel to dated Brent, market sources said.
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