Med crude-Urals differentials stable in thin trade
MOSCOW, Dec 16 (Reuters) -Urals crude differentials to dated Brent were stable on Monday, after firming late last week, as trading activity was low while market participants awaited the preliminary CPC Blend oil loading plan for January.
Twelve Western countries have agreed measures to "disrupt and deter" Russia's so-called shadow fleet of vessels in order to prevent sanctions breaches and increase the cost to Moscow of the war in Ukraine, Estonia's government said on Monday.
Freight rates for Russian oil shipments to Asia remained stable, despite rising sanction risks for the shadow fleet, traders said.
PLATTS WINDOW
No bids or offers were shown for Urals, Azeri BTC or CPC Blend in the Platts window on Monday.
NEWS
Alexander Dyukov, the head of Russian oil producer Gazprom Neft SIBN.MM, said on Monday that high interest rates could negatively impact firms providing support services to the oil industry, raising "serious concerns".
Russian authorities sought to limit the damage on Monday from oil spilled into the Kerch Strait by two ageing tankers that were damaged during a heavy weekend storm, highlighting the environmental and insurance risks of Russia's shadow fleet.
Reporting by Reuters
Editing by Mark Potter
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