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Med crude-Urals diffs steady, daily output from giant Tengiz oilfield rose to a record late in Jan

ReutersFeb 3, 2025 7:16 PM

- Urals crude differentials to dated Brent kept stable on Monday, while daily output from Kazakhstan's largest field, Tengiz, rose to a record of 870,000 barrels per day (bpd) late in January, up 45% from the 2024 average.

Astrakhan gas processing plant in Russia's southern Astrakhan region had suspended operations prior to Ukrainian drone strike.

A fire at the plant that was struck by Ukrainian drones overnight on Sunday has been contained, Russia's Interfax news agency reported on Monday, citing local authorities.

OPEC+ is likely to adhere to current plans to raise output gradually from April when a panel of top ministers meets on Monday, delegates from the producer group told Reuters, despite U.S. President Donald Trump urging OPEC to lower prices.

PLATTS WINDOW

  • No bids or offers were shown for Urals, Azeri BTC and CPC Blend in the Platts window on Monday.

NEWS

  • TABLE - Russia's offline primary oil refining capacity in 2025.

  • Russia's Deputy Prime Minister Alexander Novak said on Monday the Joint Ministerial Monitoring Committee (JMMC) of the OPEC+ group of leading oil producers discussed U.S. President Donald Trump's call to raise oil production.

  • TABLE - Russian energy facilities targeted by Ukraine's drones.

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