February 11, 2019 / 6:17 PM / 5 months ago

Med Crude-Urals trades higer in north, Rosneft awards jumbo tender

MOSCOW, Feb 11 (Reuters) - Urals crude differentials in northwest Europe rose on Monday as trade focus shifted to March cargoes, while Russia’s Rosneft awarded its jumbo tender to sell Urals and CPC Blend in April-September 2019.


* Shell bought from Glencore 100,000 tonnes of Urals for loading March 4-8 from Primorsk or Ust-Luga at dated Brent minus $0.25 a barrel, up 20 cents from last Friday.

* Trafigura offered 100,000 tonnes of Baltic Urals for March 1-5 at minus $0.25 a barrel.

* Mercuria sold to Vitol 93,500 tonnes of CPC Blend for Feb. 24-28 at minus $1.95 a barrel, down 35 cents from the latest estimations.

* There were no bids and offers for Urals and Azeri BTC in the Mediterranean on Monday.

* Black Sea exports of CPC Blend crude oil are set at 5.42 million tonnes for March, the preliminary schedule showed on Monday, compared with a revised 5 million tonnes in February’s plan.


* Russian oil company Rosneft has awarded to trading firms Glencore, Trafigura and China’s CEFC a jumbo tender to sell Urals and CPC Blend crudes loading April-September from Russian ports, four trade sources told Reuters on Monday.

* Rosneft awarded Glencore 1.2-7.2 million tonnes of Urals crude loading from Primorsk and Ust-Luga.

* Trafigura was awarded 840,000 tonnnes-2.52 million tonnes of Urals loading in 140,000-tonne cargoes from the Black Sea port of Novorossiisk and 480,000 tonnes-1.35 million tonnes of CPC Blend.

* China’s CEFC won 480,000-960,000 tonnes of Urals in 80,000-tonne cargoes loading from Novorossiisk.


* Scared by looming U.S. anti-cartel legislation for the oil industry, the Organization for the Petroleum Exporting Countries (OPEC) and allies such as Russia have decided against creating a formal body, at least on paper.

* ANALYSIS-With Iran squeezed out, U.S. oil takes on new rivals in Europe. (Reporting by Gleb Gorodyankin Editing by David Goodman)

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