Med crude-Urals diffs unchanged, Russia's oil output edged down in Sept
MOSCOW, Oct 14 (Reuters) -Urals crude oil differentials to dated Brent were unchanged on Monday in quiet trade, while Russia's oil output declined in September, the Organization of the Petroleum Exporting Countries (OPEC) said on Monday.
Russia cut crude oil output in September by 28,000 barrels per day (bpd) to about 9 million bpd, OPEC said, citing data from secondary sources such as consultancies.
This was slightly above the quota agreed by the OPEC+ group of leading oil producers. Under OPEC+ deals and voluntary cuts, Russia's monthly quota stands at 8.98 million bpd.
PLATTS WINDOW
No bids or offers were shown for Urals, Azeri BTC or CPC Blend in the Platts window on Monday.
NEWS
China's oil imports fell in September by 0.6% from a year earlier, data releasedon Monday showed, as plants curbed purchases because of weak domestic fuel demand and narrowing export margins.
Reporting by Reuters; Editing by Richard Chang
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.
