Med crude-Urals diffs steady, Dec loading dates awaited
MOSCOW, Nov 18 (Reuters) -Urals crude differentials to dated Brent were little changed on Monday, as market participants expect provisional loading dates for December to emerge later this week.
Russia's crude oil loading plan from the Black Sea port of Novorossiisk for October has been revised higher by 80,000 metric tons to 1.97 million tons.
Production at Kazakhstan's biggest oil field Tengiz, operated by U.S. major Chevron, has been cut by 28-30% due to ongoing repairs, the country's energy ministry said on Monday.
PLATTS WINDOW
No bids or offers were shown for Urals, Azeri BTC or CPC Blend in the Platts window on Monday.
NEWS
Azerbaijan's oil output fell by 4.8% to 24.1 million metric tons in the first 10 months of 2024, from 25.3 million tons a year earlier.
Russia's finance ministry has proposed to increase the tax on profits at state-owned oil pipeline monopoly Transneft to 40% from 20%, RBC newspaper reported on Monday, citing documents submitted to the government.
Russia's Ilsky oil refinery has applied for government financial help mainly due to high interest rates and facility modernisation, it said on Monday, but added there was no risk of it shutting down and that it remained profitable.
Reporting by Reuters;
Editing by Tomasz Janowski
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