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Urals Diffs Stable Despite Low Activity

The differential between Brent and Urals crude oil dated on Monday remained unchanged due to low activity, as the majority of October cargoes were cleared.

OPEC's monthly data revealed that Russian oil production increased in September by 148,000 barrels per day compared to August. This is due to the fact that world oil producers continue to increase production.

PLATTS WINDOW

There were no bids or offerings reported on Platts Monday for Urals, Azeri BTC Blend or CPC blend crude.

* The Caspian Pipeline Consortium has increased its oil exports by 9% per day from August, to 6.6 millions metric tons or 1.75million barrels of oil per day.

Data from industry sources showed that Russia's seaborne product exports dropped 17.1% from August to 7,58 million metric tonnes in September due to a decrease in fuel production, as several refineries were affected by drone attacks. (Reporting and Editing by Lisa Shumaker).

(source: Reuters)