tradingkey.logo

Med crude-Urals diffs stable, Azeri BTC down on offer

ReutersMar 17, 2025 6:12 PM

- Urals crude differentials kept stable on Monday, while Azeri BTC eased on offer in the afternoon trading window, market sources said.

  • U.S. President Donald Trump said he plans to speak to Russian President Vladimir Putin on Tuesday and discuss ending the war in Ukraine, with concessions being considered around land and "power plants", without giving further details.

PLATTS WINDOW

  • SOCAR offered 650,000 barrels of Azeri BTC over April 7-11 at dated Brent plus $1.90 per barrel before withdrawing. That was down by some $0.60 per barrel from the latest price estimates for the grade.

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

NEWS

  • Kazakhstan's oil and gas condensate output rose 3.6% year-on-year to 15.644 million metric tons in January-February 2025, data showed on Monday.

  • Azerbaijani oil exports through the Baku-Tbilisi-Ceyhan (BTC) pipeline via Georgia and Turkey rose by 6.8% year-on-year to 4.7 million tonnes in the first two months of this year, the State Statistics Committee said on Monday.

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.

Related Articles

KeyAI