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Urals crude diffs remains steady in thin trading

Market sources say that the price of Urals crude remained stable on Thursday, despite a thin trade. However, a rise in freight rates from Russian ports to Asia may affect its differentials with Brent dated, they said.

The EU's sanctions chief said that while sanctions are hurting Russia's economy, President Donald Trump keeps his allies guessing as to whether he'll sign off on additional measures. This is despite Washington's participation in the G7 deal to coordinate actions against the Kremlin.

PLATTS WINDOW

There were no bids or offerings reported on Thursday in the Platts Window for Urals, Azeri BTC Blend or CPC blend crude.

A drone attack caused fires to break out in fuel and energy plants in Russia's Volgograd Region, said Governor Andrei Bocharov on Thursday.

* On Thursday, the United States imposed sanctions against Serbia's Russian owned oil company NIS. This prompted Croatia to reduce crude supplies. There are also concerns that Serbia's only refinery could cease operations in a few weeks. (Reporting and Editing by Joe Bavier).

(source: Reuters)