Med Crude-Urals steady as traders digest loading plan, Russia's export schedule

15 Dec, 2017

Russian oil exports and transit from Baltic Sea ports between Jan. 1 and 6 will fall to 0.9 million tonnes, from 1.1 million tonnes set for the same period of December, provisional loading schedule showed.

Urals and Siberian Light supplies from Novorossiisk on Jan. 1-7 will rise to 0.52 million tonnes, from 0.24 million tonnes in December.

Russia's export plan for January-March, out on Friday, showed lower crude supplies from Baltic Sea ports, Kozmino and via the Druzhba pipeline and higher pipeline exports to China.

Exports and transit of Urals oil from Primorsk and Ust-Luga are seen declining to 19.1 million tonnes in the first quarter from 19.6 million tonnes in October-December.

Urals and Siberian Light oil exports from the Black Sea port of Novorossiisk are seen unchanged, at 8.5 million tonnes in January-March.

Russian ESPO Blend oil exports to China via the Skovorodino -Mohe pipeline are expected to jump by 57 percent to 6.7 million tonnes in the first quarter of 2018 from the previous three months.

 

There were no bids or offers for Urals and Azeri BTC in the Platts window on Friday, traders said.

In CPC Blend, Statoil bid for 85,000 tonnes of the grade for Jan. 5-9 up to dated Brent minus $0.05 a barrel, but found no seller.

Russia's oil export duty is expected to rise to $111.4 per tonne in January from $105 per tonne in December, data from the finance ministry showed on Friday.

Copyright Reuters, 2017

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