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Repairs at CPC Terminal continue, despite a steady decline in Urals.

Market sources reported that the differential between Urals crude and CPC Blend remained unchanged on Monday. However, export volumes of CPC Blend remained uncertain due to?repairs continuing on single-point mooring units (SPMs)?at CPC Terminal.

CPC is loading oil into SPM-1. SPM-2 has been taken out of service due to a drone attack by Ukraine, and SPM-3 undergoes scheduled maintenance.

Oil prices rose on Monday, after the U.S. Coast Guard attempted to intercept an oil-tanker in international waters near Venezuela, a day earlier. Ukraine also damaged two vessels in Russia and their piers, increasing the risk of disruptions in oil supplies.

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The traders reported that no bids or offers for Urals, Azeri BTC, and CPC Blend were made on Monday.

Authorities in southern Russia said that a drone attack by Ukraine in the Krasnodar Region of Russia damaged two vessels and two piers.

* Ukraine announced on Saturday that its?drones' struck a Russian oil platform belonging to Lukoil, in the Caspian sea. Kyiv is stepping up its attacks on Moscow’s oil infrastructure. (Reporting By)

(source: Reuters)