Med crude-Urals diffs unchanged, Azeri BTC oil exports set to drop in Sept
MOSCOW, Aug 8 (Reuters) - Urals crude differentials to dated Brent were unchanged on Friday in quiet trade, as sellers and buyers didn't rush to trade amid turbulent geopolitical situation, traders said.
India's biggest state refiners Indian Oil Corp and Bharat Petroleum have bought at least 22 million barrels of non-Russian crude for delivery in September and October, trade sources said, after the U.S. pressured India to halt purchases from Russia.
September volumes of Russian oil were yet to start trading, according to market participants, and sellers still had time to agree on the price level with buyers.
Azeri BTC crude oil exports from Turkey's Ceyhan port are set at 16.5 million barrels for September, down from 17.3 million barrels in August, the schedule showed on Friday.
PLATTS WINDOW
No bids or offers were made for Urals, Azeri BTC or CPC Blend in the Platts window on Friday.
NEWS
Reliance Industries RELI.NS is likely to shift back to its traditional Middle Eastern sources for oil if India yields to pressure from U.S. President Donald Trump to cut Russian imports, trade sources said.
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