Med crude-CPC Blend trades lower

Reuters
2025/11/19
Med crude-CPC Blend trades lower

LONDON, Nov 18 (Reuters) - Caspian light sour CPC Blend traded lower in the Platts window on Tuesday, while other grades' differentials held steady.

* An Aframax cargo of CPC Blend traded in the Platts window at dated minus $1.95 CIF Rotterdam. On Monday, traders said recent levels for Suezmax-sized parcels were closer to dated minus 85 to dated minus 80 cents CIF.

* In a tender, Vitol sold China's Yanchang Petroleum a 1 million barrel CPC Blend cargo for January arrival.

* Algerian Saharan Blend has firmed to around dated Brent plus $1 FOB or slightly lower, traders said this week.

* Azeri BTC is drawing support from strong refinery profit margins for diesel in particular. Diesel-rich BTC has firmed to around dated Brent +$3.50 CIF, two traders said this week.

PLATTS WINDOW

  • No bids or offers were reported to Reuters from the Platts window on Tuesday, for Urals or Azeri BTC.

  • ExxonMobil purchased a 90,000-ton cargo of CPC Blend with December 10-14 dates from Mercuria at dated Brent minus $1.95 CIF Augusta.

NEWS

  • Crude loadings at Russia's Novorossiysk port are about two to three days behind schedule as damage caused by a November 14 Ukrainian attack has limited the capacity of a key jetty at the terminal, three sources familiar with the matter told Reuters.

  • Kazmunaygaz, Kazakhstan's state-owned oil and gas company, said on Tuesday that media reports that it could buy Lukoil's stake in the Karachaganak project were incorrect.

  • Global refining margins have hit multi-year highs in November due to sanctions on Russia, refinery outages and maintenance, according to LSEG data and analysts, and some see little respite without more plants being built in the Western world.

(Reporting by Robert Harvey in London; editing by Alan Barona)

((Robert.Harvey@thomsonreuters.com))

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