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Med crude-Urals diffs unmoved in muted trade



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MOSCOW, Nov 5 (Reuters) -Urals crude oil differentials to dated Brent were stable on Tuesday in muted trade, while global oil prices held steady as the market waits for voters to cast ballots in what is expected to be an exceptionally close U.S. presidential election.

Iraq's cabinet said on Tuesday it had ordered the semi-autonomous Kurdish region to immediately transfer its oil output to the country's state-run firm SOMO.

Oil flows through the Kurdistan Regional Government's (KRG) pipeline were halted by Turkey in March last year after the International Chamber of Commerce ordered Ankara to pay Baghdad damages of $1.5 billion for unauthorised exports by the KRG between 2014 and 2018.

PLATTS WINDOW

  • No bids or offers were shown for Urals, Azeri BTC or CPC Blend in the Platts window on Tuesday.

NEWS

  • Russian state energy group Lukoil is planning to sell its refinery in Bulgaria to a Qatari-British consortium by the end of the year, the Financial Times reported on Tuesday.



Reporting by Reuters; Editing by Richard Chang

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