Med crude-Urals differentials stable, Indian state refiners pause Russian oil purchases
MOSCOW, July 31 (Reuters) - Urals crude differentials to dated Brent were stable on Thursday, while Indian state oil refiners made a pause in purchases of Russian oil, sources said.
Indian state refiners have stopped buying Russian oil in the past week as discounts narrowed this month and U.S. President Donald Trump warned countries not to purchase oil from Moscow, industry sources said.
India is the largest buyer of Russian crude oil by sea.
Some traders said that Indian state oil refiners suspended the purchases amid firming prices for Russian oil and as there was not much supply available in the market.
Russian Urals oil exports remain low in July and August this year amid higher refinery runs in Russia.
Azeri BTC crude oil arriving at the BTC Ceyhan terminal in Turkey is returning to normal specification, a BP spokesperson said on Thursday.
PLATTS WINDOW
No bids or offers were made for Urals, Azeri BTC or CPC Blend in the Platts window on Thursday.
NEWS
The U.S. Treasury Department announced fresh sanctions on Wednesday on over 115 Iran-linked individuals, entities and vessels, in a sign the Trump administration is doubling down on its "maximum pressure" campaign after bombing Tehran's key nuclear sites in June.
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