Med Crude-Urals stable, Baltic exports for early June unchanged vs May

MOSCOW: Urals crude differentials in northwest Europe were stable on Tuesday, while Russia's provisional loading plan for the first 10 days of June showed steady export volumes for its Baltic Sea ports.

Urals loadings from Primorsk and Ust-Luga between June 1 and 10 were set at 2.3 million tonnes, unchanged from May 1-10, while Urals and Siberian Light supplies from Novorossisk will rise to 0.83 million tonnes from 0.76 million tonnes this month.

Hopes for a speedy resumption of oil exports from Russia to Poland and Germany along the Druzhba pipeline route are fading after plans to remove dirty oil from the pipeline had a major setback last week, three trading sources said.

Russian Deputy Prime Minister Dmitry Kozak said on Tuesday that Russia and Poland had not yet reached an agreement on how to clean the Druzhba pipeline, Interfax news agency reported.

Russia's Transneft has scheduled a meeting in Poland on Thursday with Polish pipelines operator PERN and Polish and German refineries affected by the contamination of Russian oil, three sources familiar with the matter told Reuters.

Ukrainian oil transit company UkrTransNafta has resumed oil transit towards European consumers after Hungary confirmed that it was ready to receive Russian oil, the company said on Tuesday.

PLATTS WINDOW

* Trafigura offered 100,000 tonnes of Urals from Primorsk for June 11-15 at minus $0.40 a barrel, unchanged from its offer for a similar cargo for June 7-11 loading on Monday.

* Trafigura also offered 100,000 tonnes of Urals from Ust-Luga or Primorsk for June 1-5 at minus $1.60 a barrel, down by 10 cents from the offer level on Monday, but failed to sell.

* There were no bids or offers in the Mediterranean for Urals, CPC Blend and Azeri BTC on Tuesday.

TENDERS

* Russia's Surgutneftegaz issued a spot tender on Tuesday to sell 400,000 tonnes of Urals crude oil for loading from Russia's Baltic ports in June, traders said.

* The producer offered one 100,000-tonne Urals cargo from Primorsk on June 7-8 and three cargoes of the same size from Ust-Luga port on June 4-5, 6-7 and 8-9, they added.

* The tender closes on May 22 at 1400 Moscow time (1200 GMT).

NEWS

* Belarus state energy company Belneftekhim said it would take two months to resume fully oil transit through the Druzhba pipeline after contamination by Russian oil, TASS news agency reported on Tuesday.

* Total said on Tuesday that it had curbed output at its German refinery due to continuing problems with contaminated Russian crude oil supply.

* Russian oil suppliers made big mistakes in the wake of the supply of contaminated oil and they will have to respond financially, Poland's Prime Minister Mateusz Morawiecki said on Tuesday at a press conference.