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Med crude-Urals diffs steady, Kazakh oil output falls in Dec after Ukraine drone attack

ReutersDec 29, 2025 6:22 PM

- Urals crude differentials held steady on Monday in opaque market, while Kazakh oil output fell by some 6% in December, led by a fall at Chevron-led Tengiz oilfield after a Ukrainian drone attack damaged Russia's Black Sea exporting terminal, according to an industry source.

The person, who spoke on condition of anonymity due to the sensitivity of the situation, said that oil and gas condensate output from Kazakhstan, the world's 12th largest oil producer, has declined in the December 1-28 period to 1.93 million barrels per day.

Production at the Tengiz oilfield in northwestern Kazakhstan on the northeastern shore of the Caspian Sea has decreased by 10% to 719,800 bpd in December 1-28, the source added.

PLATTS WINDOW

  • No bids or offers were made on Monday for Urals, Azeri BTC and CPC Blend, traders said.

NEWS

  • India's crude oil imports rose 0.2% month-on-month in November to 21.06 million metric tons, their highest level since March, government data showed on Monday.

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