Russian Urals Crude Oil Differentials Remain Stable
MOSCOW (Reuters) -Russian Urals crude oil differentials to dated Brent were little changed on Thursday in quiet trade.
Three more Russian insurers, including a subsidiary of top lender Sberbank, have asked India for approval to provide marine insurance for oil shipments sent to Indian ports, two sources with knowledge of the matter said, as Moscow looks to maintain deliveries despite Western sanctions.
Sinopec, Asia's top refiner, resumed purchases of Russian oil after a brief pause last month to assess risks from sanctions imposed by the United States on Russian entities, trade sources said on Wednesday.
PLATTS WINDOW
* No bids or offers were shown for Urals, CPC Blend andAzeri BTC in the Platts window on Thursday.NEWS
* Kazakhstan's public defiance of the OPEC+ oil productionalliance could signal its exit from the group and push SaudiArabia into a painful price war at a precarious moment. * Russia's oil and gas revenue in April is seenfalling by 22% to 0.96 trillion roubles ($11.60 billion) fromthe same month a year ago due to weaker oil prices and astronger rouble, Reuters calculations showed. * The European Commission will in the next two weeks presenta roadmap on how it intends to phase out all imports of Russianfossil fuels, President Ursula von der Leyen said at an energyevent in London on Thursday. * Russian Deputy Prime minister Alexander Novak held ameeting with Iranian Oil Minister Mohsen Paknejad, the Russiangovernment said on Thursday.(Reporting by Reuters; Editing by Mark Porter)
