Urals oil differentials stable, CPC Blend exports set for steady August
Urals crude differentials to dated Brent were unchanged on Wednesday, while CPC Blend oil exports were set to be little-changed in August from July, sources said.
Black Sea's CPC Blend oil exports from a terminal in Russia were set at 1.66 million barrels per day (bpd), or some 6.5 million metric tons, almost unchanged from the July export plan, two sources said on Wednesday.
India's oil imports from Russia rose marginally in the first half of this year, with private refiners Reliance Industries Ltd RELIANCE1! and Nayara Energy making almost half of the overall purchases from Moscow, according to data provided by sources.
PLATTS WINDOW
No bids or offers were made for Urals, Azeri BTC or CPC Blend in the Platts window on Wednesday.
NEWS
The average Russian oil price calculated in roubles has stayed below the federal budget's target for 2025, Reuters calculations showed on Wednesday, adding pressure to the budget that already faces a rising deficit.
Drone attacks for a third day on oilfields in Iraq's semi-autonomous Kurdistan region have slashed crude output by 140,000 to 150,000 barrels per day, two energy officials said on Wednesday, as infrastructure damage forced multiple shutdowns.