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OIL: Urals Crude Prices Fell in Feb: Interfax

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Oil prices for Urals FOB cargoes were thin the $59.88-$60.76/b range in Feb, according to Interfax, citing Argus data.

  • This compares to $65.88-$66.49/b at the end of January,
  • This put Urals cargoes at discounts of around $14.34-$15.23/b against Dated Brent, compared to $12.77-$13.38/b in Jan.
  • Argus data showed that the delivered West Coast India price for a Urals cargo fell to $72.31/b in Feb from $76.24/bin January. This is around a $2.8/b discount to Brent
  • Urals DAP Shandong was trading at around $74.68/b
  • The price of Russia's ESPO grade from Kozmino in the Far East, fell to $66.56/bin February from $71.88/b in Jan. 
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Oil prices for Urals FOB cargoes were thin the $59.88-$60.76/b range in Feb, according to Interfax, citing Argus data.

  • This compares to $65.88-$66.49/b at the end of January,
  • This put Urals cargoes at discounts of around $14.34-$15.23/b against Dated Brent, compared to $12.77-$13.38/b in Jan.
  • Argus data showed that the delivered West Coast India price for a Urals cargo fell to $72.31/b in Feb from $76.24/bin January. This is around a $2.8/b discount to Brent
  • Urals DAP Shandong was trading at around $74.68/b
  • The price of Russia's ESPO grade from Kozmino in the Far East, fell to $66.56/bin February from $71.88/b in Jan.