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URALS CRUDE PRICE
EU weighs temporary freeze on Russia oil price cap over Iran war: ReportThe European Union is considering freezing its price cap on Russian oil as the conflict in West Asia and disruptions to shipping through th...- Ukraine says it hits Russian oil pumping station 1,500 km awayKyiv has stepped up its attacks inside Russia in recent weeks, aiming to knock out oil refineries, depots and ports and cripple Moscow's bi...
- India’s retreat from Russian oil sends China’s Urals imports to a nearly three-year highChina’s appetite for Russian Urals crude is surging, reaching its peak since June 2023. This uptick follows India's substantial drop in Rus...
- Russian oil freight rates to India ease further, proposed EU curbs may reverse trendRussian oil shipment costs from Baltic ports to India decreased between late May and early June. High tanker availability contributed to th...
- India's import of Russian oil drops in November on shrinking discountsIndia's November imports of Russian crude oil plummeted to their lowest point since June 2022, despite Russia remaining India's primary sup...
- Russian oil sold to India at 30% above Western price cap: TradersRussia is selling oil to India at a price of nearly $80 per barrel, which is $20 above the Western price cap. This is due to tight global o...
- India continues as top buyer of Russian Urals oil in August despite price hikesRussia's high dependence on India as its main oil buyer is a rising concern for its oil companies this month, as an expected rise in loadin...
- Share of Russia crude in oil imports falls to 34 per cent in AugustSupplies from Russia fell 23% month-on-month to 1.47 million barrels per day (mbd) in August, even as India's overall crude imports fell 5%...
- Low discount? No problem. India has no plans to stop binging on Russian oilIndia’s consumption of Russian crude has soared since last year, with the country becoming a leading supplier, ousting Saudi Arabia and Ira...
- Pakistan's imports of Russian crude face port, refinery, currency constraintsPakistan is struggling to achieve its target of having two-thirds of its crude oil imports come from Russia, due to constraints such as a s...
- India Oil Imports: Saudi gain is Moscow's lossRussia supplied a record 1.64 million barrels per day (mbd) of crude to Indian refiners in March, higher than 1.58 mbd in February, Vortexa...
- Russia shifts to Dubai benchmark in Indian oil deal: SourcesRussia's top oil producer, Rosneft, and India's leading refiner, Indian Oil Corp (IOC), have abandoned the Brent benchmark in favour of usi...
- Putin signs law setting discount on Urals crude oil for tax calculationsThe law, passed by parliament last week, changes the oil price assumptions that Moscow uses to calculate its multi-billion rouble tax levy ...
- Russia to introduce fixed oil differentials for taxation to boost state coffers: SourcesRussia currently uses Urals price assessments in Europe's Rotterdam and Augusta ports, provided by commodity price reporting agency Argus, ...
- Russian crude oil imports create another record in JanuaryRussia remained the top crude supplier to India for the fourth month in a row in January, improving its market share from 26% in December. ...
- Russia's oil export ban may bolster India crude importsThe West, which insists on a strict price cap on supplies from Moscow, has already imposed a ban on the bulk of Russian crude exports. Some...
- India to remain top buyer of Russia's Urals crude in Dec -sources, dataVolumes and India's share of the exports are expected to rise month on month despite a shorter loading plan for Russia's Western ports, tra...
- U.S. urges caution on low-quoted Russian oil prices as EU debates price capThe official cited outside estimates showing that over the last two months, the Urals discount to benchmark Brent crude has recently been c...
- Why finding a real Russian oil price cap is proving so hard for the policymakers from EuropeTalks have so far focused on levels from $62 to $70 a barrel. Those who want the oil to keep flowing want a high cap, while those prepared ...
- A flood of $25-a-barrel Saudi Arabian oil is headed for EuropeSaudi Arabia is offering its flagship Arab Light crude into Rotterdam for roughly $25 a barrel.
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