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Surgutneftegaz awards Neste Oil 100,000 T of Baltic Urals in Dec

Mark White by Mark White
November 22, 2021
in Cargo
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MOSCOW, Nov 22 (Reuters) – Russia’s Surgutneftegaz (SNGS.MM) awarded Neste Oil 100,000 tonnes of Urals crude loading from Ust-Luga on Dec. 8-9, traders said on Monday.

The cargo was sold at around dated Brent minus $1.40 per barrel when adding freight costs to an original FOB differential, above the recent price estimates for the grade , traders said.

The tender closed on Nov. 22 at 1400 Moscow time (1100 GMT).

Russian Urals oil loadings from its Baltic ports of Primorsk and Ust-Luga over Dec. 1-10 were set at 1.5 million tonnes, down by 17% from 1.8 million tonnes set for Nov. 1-10.

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Reporting by Gleb Gorodyankin; editing by David Evans

Our Standards: The Thomson Reuters Trust Principles.

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Mark White

Mark White

Mark White is the editor of the ProcurementNation, a Media Outlet covering supply chain and logistics issues. He joined The New York Times in 2007 as an commodities reporter, and most recently served as foreign-exchange editor in New York.

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