Med crude-Urals diffs steady, CPC Blend oil loadings set to rise in Nov
MOSCOW, Oct 25 (Reuters) -Urals oil differentials to dated Brent were unchanged on Friday, while CPC Blend oil loadings were set to rise next month, sources said.
CPC Blend oil exports via the Caspian Pipeline Consortium (CPC) pipeline system are set to rise in November to around 1.42 million barrels per day (bpd) (around 5.4 million metric tons) from 1.07 million bpd in October's plan, two sources told Reuters.
Higher exports planned for the next month weighed on CPC Blend oil differentials, traders said, with November cargoes traded at around minus $1 to dated Brent, well below recent estimates.
PLATTS WINDOW
No bids or offers were shown for Urals, Azeri BTC or CPC Blend in the Platts window on Friday.
NEWS
India's Reliance Industries RELI.NS, operator of the world's biggest refining complex, is restructuring its trading operations, including moving most of its Dubai crude oil trading team back to Mumbai, two sources familiar with the plan said.
Reporting by Reuters, Editing by Louise Heavens
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