Med crude-Urals diffs steady in thin trade

reuters11-12 01:44
Med crude-Urals diffs steady in thin trade

MOSCOW, Nov 11 (Reuters) - Urals crude oil differentials held steady in thin trade on Monday, while global oil benchmarks were down again after falling more than 2% on Friday.

Brent crude futures LCOc1 and U.S. West Texas Intermediate crude futures CLc1 fell by more than $2 a barrel on Monday after China's stimulus plan disappointed investors seeking fuel demand growth in the world's second-biggest oil consumer and as the U.S. dollar edged higher.

Global oil prices "would have hit the roof" if big importer India had not bought oil from Russia following the Ukraine war, India's oil minister said, adding that prices would determine where the country buys oil from.

PLATTS WINDOW

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

NEWS

  • Kazakhstan's biggest oil producer, Chevron-led CVX.N Tengizchevroil, produced 21.4 million metric tons of crude oil in January-September versus 21.7 million tons a year earlier, it said on Monday.

(Reporting by Reuters; editing by David Evans)

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