Azeri Light loadings from Ceyhan set to fall 8 pct m/m in Feb 17

Business

09:59 | 11.01.2017

Azeri Light loadings from Ceyhan set to fall 8 pct m/m in Feb 17

Azeri light AZR-E oil exports from the Turkish port of Ceyhan are set to fall by 8 percent month-on-month in February, to 645,000 barrels per day, according to a loading schedule seen by Reuters on Tuesday.

In Febraury, Ceyhan will load 18.05 million barrels of Azeri Light compared to 21.65 million barrels scheduled for January.

Traders expect that the sharp cut in exports as well as a healthy demand from Asian buyers, attracted by a thin Brent-Dubai spread DUB-EFS-1M, will support Azeri Light differentials.

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