From Surf Wiki (app.surf) — the open knowledge base

Urals oil

Brand of Russian heavy oil

Summary

Brand of Russian heavy oil

]]

Associated petroleum gas being burnt in a gas flare in the taiga of West Siberia, early 1980s

Urals oil is a reference oil brand used as a basis for pricing of the Russian export oil mixture. It is a mix of heavy sour oil of the Urals and the Volga region with light oil of Western Siberia. Other reference oils are Brent, West Texas Intermediate and Dubai.

Urals brand oil is supplied through the Baku-Novorossiysk pipeline system and the Druzhba pipeline. Urals oil futures trade on Moscow Exchange. |access-date = 2009-02-12 |archive-url = https://web.archive.org/web/20090221172128/http://www.topoilnews.com/price-urals-brent/ |archive-date = 2009-02-21 |url-status = dead There was also an effort to trade it on NYMEX under the name of REBCO (Russian Export Blend Crude Oil).

Urals grade oil was traded in Northwestern Europe on June 25, 2020, at a premium to Brent of $2.35/bbl – a record in the entire history of monitoring since September 1994. Since the 2022 Russian invasion of Ukraine, the price of Urals oil has dipped to $15–20 under the price of Brent.

References

(June 26, 2020). "Urals u-turn as Europe shuns expensive Russian oil". Hydrocarbon Processing, Gulf Publishing Company.
(2006). "New Oil Price Forecast". Rye, Man and Gor Securities.
"Что такое Urals сорт нефти - Техническая Библиотека Neftegaz.RU".
"Oil Price Charts".

Wikipedia Source

This article was imported from Wikipedia and is available under the Creative Commons Attribution-ShareAlike 4.0 License. Content has been adapted to SurfDoc format. Original contributors can be found on the article history page.

benchmark-crude-oils petroleum-in-russia

Want to explore this topic further?

Ask Mako anything about Urals oil — get instant answers, deeper analysis, and related topics.

Research with Mako

Free with your Surf account

Content sourced from Wikipedia, available under CC BY-SA 4.0.

This content may have been generated or modified by AI. CloudSurf Software LLC is not responsible for the accuracy, completeness, or reliability of AI-generated content. Always verify important information from primary sources.

Report