International crude:Kirkuk returns,capping rise in Urals

摘要

In the Mediterranean,the resumption of Kirkuk pumping to Ceyhan prompted a halt to the recent rise in physical Urals differentials.Iraq was pumping at 450,000 b/d with 1.8-mil bbl in storage Tuesday at the time when pumping was resumed.Considering that Tupras was still expected to lift another 500,000 bbl awarded to the company in the last tender,the net volume accumulated for the next tender was estimated at just under 1.8-mil bbl by mid-day Wednesday.