Tuesday, October 21, 2025

Urals Crude Differentials Steady; Russia Ships Oil to New Georgia Refinery

October 21, 2025

© Adobe Stock/Pavel Ignatov

Urals crude differentials were steady again on Tuesday, while Russia has supplied a first oil cargo to the newly built Kulevi oil refinery in Georgia this month, according to LSEG ship-tracking data and industry sources.

According to LSEG and a trader, the tanker Kayseri delivered 105,340 metric tons of Siberian Light oil grade from the Russian Black Sea port of Novorossiisk to the Kulevi Oil Terminal on October 6.

Hungarian oil and gas company MOL was gradually restarting units at its Danube refinery following a late Monday fire at one of the plant's crude units.


PLATTS WINDOW

  • No bids or offers were reported in the Platts window on Tuesday for Urals, Azeri BTC or CPC Blend crude.

NEWS

  • Kazakhstan's Chevron-led Tengiz oilfield, the country's largest, has been undergoing maintenance which is due to be completed on October 24, Energy Minister Erlan Akkenzhenov told Reuters on Tuesday.

  • Hungary's Prime Minister Viktor Orban said on Tuesday that he held talks with leaders of MOL after a fire at MOL's Danube refinery overnight, adding that the country's fuel supply was secure.


(Reuters)

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