Urals Baltic market firms

摘要

1. Strong buying interest and a reduced loading programme supported Russian medium sour Urals crude in northwest Europe. Polish PKN Orlen bought late- March cargoes from Chinese Unipec and trading firm Glencore at 90￠/bl and 65￠/ bl discounts to North Sea Dated. Activity was thin in the Mediterranean. 2. April Mideast Gulf sales were slow to Asia-Pacific buyers, as refinery maintenance and weaker naphtha and fuel oil markets capped demand. Iraqi Basrah Light cargoes were available, as well as limited supplies of Qatar Marine and Abu Dhabi crude. Saudi Arabia, Abu Dhabi and Qatar cut their official prices for crudes bound for Asia-Pacific in April.