Med crude-Urals differentials unchanged amid low trading activity
MOSCOW, July 2 (Reuters) -Urals oil differentials to dated Brent were stable again on Tuesday amid low trading activity as nearly all July-loading cargoes were placed with buyers.
Traders did not expect Urals oil loading dates for August to emerge earlier than next week.
PLATTS WINDOW
No bids or offers were made for Urals, CPC Blend and Azeri BTC crude in the Platts window on Tuesday.
NEWS
OPEC oil output rose in June for a second consecutive month, a Reuters survey found on Tuesday, as higher supply from Nigeria and Iran offset the impact of voluntary supply cuts by other members and the wider OPEC+ alliance.
Damper payments, a form of subsidy to oil refineries, are set to decline by around 4.5% to 150 billion roubles ($1.7 billion) in Russia in June from May due to global gasoline price rises and a weaker rouble, Reuters calculations showed on Tuesday.
Reporting by Reuters; Editing by Jan Harvey
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