Med crude-Urals diffs unmoved in muted trade
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
Related Assets
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.
