MNI BRIEF: China Visitor Mobile Payments Surge in H1

MNI China Daily Summary: Friday, July 26

MNI BRIEF: Foreign Firms Content In China

MNI BRIEF: Turkish Inflation Expectations Steady- TEBA

MNI China Press Digest July 26: Deposit Rates, Fiscal, PBOC

MNI: PBOC Net Injects CNY299.05 Bln via OMO Fri

MNI: BAKER HUGHES US RIG COUNT 589; OIL RIGS 482; GAS RIGS 101

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT FINAL JUL INDEX 66.4

EZ/UK Bond Supply Calendar: BoE Short APF Operation on Monday

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

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

Urals-Brent Crude Discount Narrowed: Kpler

OIL

Russian oil exporters have narrowed the Urals crude oil discount to Brent by playing Indian and Chinese buyers against each other, Viktor Katona, head of oil analytics at Kpler, said.

  • The Urals blend is priced at a $9-$10/bbl discount to Brent according to Kpler.
  • The Russian Urals crude price fell by 9% month on month to average $53.34/bbl in May, Russia’s Finance Ministry said.
  • The price of Druzhba supplies is based on assessments from agencies such as S&P Platts and Argus. Flows to India and China are “kept deliberately opaque, with very little visibility on a deal-by-deal basis,” Katona said, pointing to the fact that Russian oil producers can get significantly more revenue from seaborne exports to India and China.
  • New buyers of Russian crude have been emerging from Pakistan, Sri Lanka and Cuba, Katona added.
Energy BulletsCommodities
Energy BulletsCommodities

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.