May Loading Urals News Today

Several Chinese state-owned refiners have returned to the Russian spot market to buy May-loading Urals crude barrels, attracted by their record discount to Dated Brent, refining sources told S&P Global Commodity Insights March 22. “We will have a cargo of Urals for delivery in June, the price is quite low,” a source with a state-owned ...

Russian Urals crude differentials fell 93 cents/b day on day to a new record wide discount to Dated Brent amid growing international condemnation of Asian crude purchases and renewed calls for further Russian oil sanctions. Russian Urals cargoes basis CIF Rotterdam were assessed at a new record low of Dated Brent minus $30.99/b and for ...