Urals crude differentials to dated Brent held steady on Wednesday, while Russia plans to cut crude oil exports from its western ports to around 1.9 million barrels a day in September from about two million bpd in August.

Shipments of Urals, KEBCO and Siberian Light grades from Primorsk, Ust-Luga and Novorossiisk are expected to fall by roughly six per cent month-on-month in daily terms, Reuters calculations showed.