Discounts for Russian Urals oil remained stable on Friday, while CPC Blend oil export plan for January was set slightly lower compared to December plan, traders said.

The Caspian Pipeline Consortium (CPC) plans to slightly reduce CPC Blend crude exports in January to around 1.65 million barrels per day (bpd) from 1.7 million bpd scheduled for December, two industry sources told Reuters.

Actual shipments remain uncertain as repairs continue on single-point mooring (SPM) units, the sources said. CPC is currently loading oil from only one of its three moorings – SPM-1 – while SPM-2 is out of service following a Ukrainian drone attack, and SPM-3 is undergoing scheduled maintenance.

Russia’s tax proceeds on crude oil production in January 2026 could be the lowest in three years at 380 billion roubles ($4.72 billion), according to Reuters calculations.

PLATTS WINDOW
No bids or offers were made on Friday for Urals, Azeri BTC and CPC Blend, traders said.

NEWS
Russia is counting on Serbia to fulfil its obligations over the U.S-sanctioned, Russian-owned NIS oil refinery despite the restrictions imposed on the company, President Vladimir Putin said on Friday.
Source: Reuters