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Med crude-Urals differentials stable, Azeri BTC premiums ease
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Med crude-Urals differentials stable, Azeri BTC premiums ease
Jan 24, 2025 11:42 AM

MOSCOW, Jan 24 (Reuters) - Urals crude differentials to

dated Brent were stable on Friday, while premiums for Azeri BTC

crude oil loading in February eased amid weakening demand,

traders said.

The United States has clarified to India that tankers loaded

with Russian oil have to discharge by Feb. 27 under the latest

sanctions targeting Moscow's oil revenue, India's oil secretary,

Pankaj Jain, told reporters at an event.

February barrels of Azeri BTC crude oil were under pressure

from alternative oil grades available in the region.

PLATTS WINDOW

* SOCAR Trading offered 650,000 barrels of Azeri BTC oil

loading

on Feb. 9-13 from Ceyhan, well below recent estimates, but

didn't find a buyer.

* No bids or offers were shown for Urals and CPC Blend in

the

Platts window on Friday.

NEWS

* Chevron ( CVX ) said on Friday it had started production

at a

$48 billion expansion of the giant Tengiz oilfield which will

bring its output to around 1% of global crude supply.

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