Med crude-Urals diffs stable, freight rates in Russia's East ease
MOSCOW, Feb 6 (Reuters) - Urals crude differentials were steady on Thursday, while freight rates for Russia's oil loading from Far East Kozmino port eased amid higher availability, traders said.
Freight rates for ESPO Blend crude shipped from the Russian port of Kozmino to China have fallen 50% in early February from mid-January levels as a shortage of tankers following U.S. sanctions on the fleet shipping Russian oil eased, four traders said.
Freight rates for Russian oil loading from its western ports remained relatively stable as availability of the cargoes was good, traders said.
Traders expected Azeri BTC oil loading plan for March to be released on Friday.
PLATTS WINDOW
No bids or offers were shown for Urals, Azeri BTC and CPC Blend in the Platts window on Thursday.
NEWS
China's retaliatory tariffs on the United States may cause U.S. oil exports to decline in 2025 for the first time since the COVID-19 pandemic, after growth plateaued last year.
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