Med crude-Urals oil diffs unchanged, Russia's output exceeded OPEC+ target in June
MOSCOW, July 24 (Reuters) -Urals crude differentials was to dated Brent were stable on Wednesday in a quiet market, while Russia's oil output again higher than the OPEC+ target last month, OPEC said.
According to OPEC, Russia's cumulative oil overproduction in January-June this year stood at 480,000 barrels per day (bpd) under the OPEC+ deal, and the country has pledged to offset the bulk of the excess output next year.
Russia would offset 40,000 bpd of oil overproduction in October-November 2024, while 440,000 bpd of excess output will be offset in March-September 2025, OPEC said.
PLATTS WINDOW
There were no bids or offers made for Urals or Azeri BTC crude in the Platts window on Wednesday.
NEWS
Russia has begun shipping oil and refined products to Bolivia, helping to tackle a fuel shortage in the country, and expanding its presence in Latin America as Western sanctions have forced Moscow to seek new markets, traders and shipping data show.
Reporting by Reuters;
Editing by Sandra Maler
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