MOSCOW, April 1 (Reuters) - Urals crude differentials
were steady on Tuesday, while Russia's order to halt oil
loadings from two mooring points at the Black Sea terminal of
the Caspian Pipeline Consortium (CPC) slashed Kazakh oil export
capacity amid an OPEC+ row.
Russia has ordered the Black Sea terminal handling
Kazakhstan's oil exports pumped by U.S. majors Chevron ( CVX )
and ExxonMobil ( XOM ) to close two of its three moorings amid a
standoff between Kazakhstan and OPEC+ over excess production.
The stoppage could more than halve CPC exports if it lasts
for longer than a week, trading sources told Reuters.
Kazakhstan's energy ministry said on Tuesday that oil
shipments via the Caspian Pipeline Consortium (CPC) are being
carried out normally without restrictions.
OPEC+ ministers from eight nations that are gradually
raising oil output will meet online on Thursday and are likely
to approve a further hike in production from May, sources from
the producer group told Reuters.
PLATTS WINDOW
* No bids or offers were shown for Urals, CPC Blend and
Azeri BTC
in the Platts window on Tuesday.
NEWS
* Kazakhstan's oil and condensate output reached a record
high in
March, with higher output from the giant Tengiz oilfield and
stable exports via the Caspian pipeline, further exceeding OPEC+
production quotas.