Urals north-south gap closes

摘要

1. Urals discounts to North Sea Dated narrowed in northwest Europe, closing a window for shipments to the Mediterranean market. CPC Blend traded at narrower discounts to the benchmark on robust gasoline and naphtha margins, while BTC Blend found support from sustained shipments to Asia-Pacific. North Sea Dated rose by $1.80/bl on the week to close at $51.69/bl 19 October.