Surgut sold the cargoes at $2.70 to $2.90 a barrel above Dubai quotes, they said. Surgut offered cargoes for loading from March 8-12, 12-16, 16-20, 22-26 and 27-31. Buyers include Vitol, BP, Equinor, Lukoil and Unipec, the sources said. Surgut last sold March-loading ESPO at premiums of about $3.20 a barrel.
Separately, Paramount Energy also sold its remaining four cargoes loading in March at similar premiums to Surgut's latest tender, two sources familiar with the matter said. The cargoes are for loading from March 10-16, 14-20, 20-27 and 24-31. The ESPO Blend crude oil loading plan from Russia's Pacific port of Kozmino has been set at 2.64 million tonnes for March versus 2.4 million tonnes planned for loading in February, a schedule seen by Reuters showed.
On a daily basis exports in March will stay unchanged from February levels, according to Reuters calculations. February is three days shorter than March. Cash Dubai's premium to swaps fell 7 cents to 39 cents a barrel. Unipec will deliver a third Upper Zakum crude cargo to Shell following the trades.