MOSCOW, Jan 21 (Reuters) - Urals crude differentials to
dated Brent were stable on Tuesday, while discounts for CPC
Blend crude oil widened to dated Brent after a deal during an
afternoon trading session in the Platts window, traders said.
Black Sea CPC Blend oil exports via the Caspian Pipeline
Consortium (CPC) system in February are set to drop to 1.42
million barrels per day (bpd), or 5.1 million metric tons, from
1.43 million bpd in the January plan, two sources familiar with
the matter told Reuters.
Meanwhile, the current plan for February might be increased
amid the restoration of oil output on the giant Tengiz oil
field, traders said.
At the same time CPC Blend oil was under pressure from
competitive oil grades in the European market, while discounts
to dated Brent also widened due to market structure, traders
added.
PLATTS WINDOW
* ExxonMobil ( XOM ) bought 94,000 metric tons of CPC Blend loading
on
Feb. 13-17 at dated Brent minus $3.45 per barrel, much lower
than the recent grade's estimates.
* No bids or offers were shown for Urals and Azeri BTC in
the
Platts window on Tuesday.
NEWS
* India expects its purchase of U.S. energy products to
increase
after President Donald Trump's announcement to maximise U.S. oil
and gas production, said Oil Minister Hardeep Singh Puri in a
meeting on Tuesday.
* Indian refiners Mangalore Refinery and Petrochemical Ltd
(MRPL)
and Bharat Petroleum Corp Ltd (BPCL) issued
tenders this week seeking crude oil, trade sources said on
Tuesday, after harsher U.S. sanctions disrupted Russian supply.
(Reporting by Reuters)