Med crude-Urals differentials unchanged, Tengiz oil output seen rising in 2025

Reuters
21小时前
Med crude-Urals differentials unchanged, Tengiz oil output seen rising in 2025

MOSCOW, June 24 (Reuters) - Urals crude oil differentials to dated Brent remained unchanged on Tuesday, while oil output on Kazakhstan's giant oil field Tengiz is expected to rise in 2025, KazMunayGaz company said.

Kazakhstan's state energy company KazMunayGaz on Tuesday raised its forecast for oil output at the Chevron-led CVX.N Tengiz oilfield, the country's largest, to 35.7 million metric tons in 2025 from 34.8 million tons expected previously, as it boosts output.

Tengiz oil field is the major source for oil supplies to the Caspian CPC pipeline that ships CPC Blend to international markets.

PLATTS WINDOW

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

NEWS

  • President Donald Trump said on Tuesday that China can continue to purchase oil from Iran after the U.S. bombed the OPEC member's nuclear facilities, and said he hoped that China would also buy "plenty" of it from the United States.

  • Serbia's government has asked the United States for a fourth, 180-day sanctions waiver for the Russian-owned Serbian oil company NIS NIIS.BEL, the mining and energy minister Dubravka Djedovic Handanovic said in a statement.

(Reporting by ReutersEditing by Matthew Lewis)

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