MNI BRIEF: Trump Tariffs To Push China, EU Cooperation - BOC

MNI: PBOC Net Drains CNY156.1 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Lower At 7.1877 Fri; -1.39% Y/Y

MNI BRIEF: China May Inject CNY1 Trln To Replenish Big Banks

MNI BRIEF: China Sees Progress On EU EV Deal

MNI: PBOC Net Drains CNY279.8 Bln via OMO Thursday

MNI JAPAN NOV TOKYO CORE CPI +2.2% Y/Y; OCT +1.8%

MNI: GERMANY NOVEMBER FLASH HICP -0.7% M/M (FCST: -0.5%)

MNI: GERMANY NOV CPI +2.2% Y/Y

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Russia’s Urals Oil Prices for India Stable in May

OIL

Russia’s Urals crude prices for loading in May to India have been held stable for the third consecutive month, sources told Reuters, cited by XM.

  • Discounts for spot Urals cargoes on a DES basis to India remain at around Brent minus $3.5-$4/b for May, unchanged since March.
  • Urals was prices around $66-$68/b for cargoes from the Baltic or Black Sea May 2, despite a fall in Brent prices.
  • In April, Urals was trading above $70/b, well more than the $60/b G7 price cap.
  • Sanction risks and weak refining margins at Indian oil plants have staved off upside support on Urals prices and creating a balancing point.
  • Freight rates for Aframax ships - which load around 720k bbl of Urals crude in Russia’s Primorsk and Ust-Luga ports in the Baltic Sea – remain around $8m for a one-way voyage, stable on April.
Energy BulletsHomepageBulletCommodities
Energy BulletsHomepageBulletCommodities

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.