Med crude-Urals oil diffs stable, Libya's oil blockade widened
MOSCOW, Aug 28 (Reuters) -Urals crude oil differentials to dated Brent held steady on Wednesday as trade focus shifted to cargoes loading in the second half of September, market sources said.
Libya's oil blockade widened on Wednesday with eastern leaders demanding western authorities back down over the replacement of the central bank governor, a key position in a state where control over oil revenue is the biggest prize for all factions.
Azerbaijan SOCAR's STAR oil refinery in Turkey will halt operations in early September for up to two months of maintenance, four sources familiar with its operations told Reuters on Wednesday.
STAR refinery is a major buyer of Russian Urals oil and buys it both in the spot market and under term contracts.
PLATTS WINDOW
There were no bids or offers for Urals, Azeri BTC or CPC Blend in the Platts window on Wednesday.
NEWS
EXPLAINER-What's behind Libya's oil shutdown
A Ukraine drone attack sparked a fire at an oil depot in Russia's southern Rostov region.
Another drone attacked an oil products reservoir in the town of Kotelnich in Russia's Kirov region on Wednesday, regional governor Alexander Sokolov said.
Reporting by Reuters; Editing by Cynthia Osterman
Latest News
Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.
All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.
Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.