October 12, 2017 / 5:14 PM / 5 months ago

Med Crude-Urals, CPC diffs fall ahead of Russia's provisional loading for Nov

Oct 12 (Reuters) - Urals and CPC Blend differentials eased again on Thursday as sellers outnumbered buyers in the afternoon trading session, while traders believe that Urals provisional loading plan for the first days of November will emerge next Monday.

In the Platts window, Glencore offered 100,000 tonnes of Urals for loading from Primorsk or Ust-Luga on Oct. 23-27 at dated Brent minus $1.50 a barrel, found no interest, traders said.

Eni offered a similar cargo for Nov. 1-5 loading at minus $0.90 a barrel.

Urals for delivery to the northwest Europe was assessed at around dated Brent minus $1.20-$1.10 a barrel on Wednesday.

In the Mediterranean, Vitol sold to Litasco 140,000 tonnes of Urals for Oct. 26-30 loading at minus $1.25 a barrel, traders said.

Trafigura offered 80,000 tonnes of Urals ex-Novorossiisk for Nov. 1-5 loading at dated Brent minus $0.10 a barrel before withdrawing.

In lighter grades, Glencore offered 93,500 tonnes of CPC Blend for Nov. 1-5 loading down to minus $0.70 a barrel.

To see CPC Blend oil provisional loading plan for November click on -

The Caspian Pipeline Consortium plans to ship 55 million tonnes of oil this year, CPC director general Nikolai Gorban said on Thursday, up from 44.3 million tonnes in 2016 but below an earlier 2017 target of 55.6 million tonnes.

There was no activity in Azeri BTC on Thursday, while Siberian Light was offered lower. Trader Tenergy showed 80,000 tonnes of the grade for Oct. 22-26 loading down to minus $0.75 a barrel, but found no buyer. (Reporting by Gleb Gorodyankin, editing by David Evans) ))

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