Russian Urals crude was little changed on Wednesday with traders saying the grade, which is trading at unusually weak levels for summer months, is being supported by a recovery in refining margins on the back of a decline in Brent prices. Brent futures fell below $112 a barrel on Wednesday, heading for their lowest close in almost three weeks, on a possible substantial recovery in Libyan exports after rebels said they would reopen two oil terminals. Refining margins for Urals crude have stayed positive for simple plants in the past five days after trading in negative territory for several weeks due to poor demand and a rise in diesel deliveries to Europe from U.S. plants. In the Platts window, Lukoil bid for a 80,000 tonne cargo of Urals for July 17-21 at dated Brent minus $1.65 a barrel, slightly weaker than previous price estimates, but found no sellers. Unipec was offering a bigger Suezmax for July 12-16 at dated Brent minus $1.45 but found no buyers as traders said the asking price was too strong. “The flat price has fallen significantly so Urals shall be supported,” one trader with a major said. Eni bid for a cargo of CPC at dated Brent minus $1.45, some 35 cents stronger than previous price estimates, but found no sellers, traders said. Planned exports of Kazakh CPC Blend have been raised for July to 3.395 million tonnes from a provisional programme of 2.998 million, a revised loading schedule showed on Wednesday. The volume is also higher than June’s final programme of 3.113 million tonnes. Russian oil and gas condensate output reversed a downward trend in June, rising 0.2 percent from May to 10.55 million barrels per day (bpd), thanks to privately owned firms Lukoil and Bashneft. (Reporting by Dmitry Zhdannikov; Editing by David Evans)