GERMANY: Handelsblatt Report on Lingering Uncertainties Ahead of Bundestag

MNI BRIEF: German Economy "Treading Water", Prices Stable -Ifo

MNI BRIEF: China To Release Childcare Subsidies, Boost Income

MNI BRIEF: PBOC Mulls New Tools Targeting Consumption

MNI BRIEF: China House Prices Up In February

MNI BRIEF: China Data Shows Good Foundation Despite Issues

EZ/UK Bond Supply Calendar: UK, Finland Due Tuesday

EZ/UK T-Bill Calendar: 6-Month ESM-Bill Auction on Tuesday

MNI: US JAN BUSINESS INVENTORIES +0.3%; SALES -0.8%

GERMANY: Union/SPD Migration Alignment After Turmoil Threatened Debt Deal (BILD)

GERMANY: Official Interim Election Results Tilt Towards Missing BSW & FDP

© 1982-2025 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

OIL: Urals Oil Discounts Widen in H1 March

OIL
CEEMEAEnergy BulletsRussiaBulletCommodities

The price of Urals on a FOB basis ranged from $56/b-$56.9/b in H1 March, compared to a range of $59.9-$60.8/b in Feb, Interfax said citing Argus pricing.

  • Discounts to Dated Brent were around $14.5/b-$15.5/b, compared to $14.3/b-$15.2/b in Feb.
  • Urals on a delivered basis to West Coast India has dropped to $68.6/b, with the discount to Brent widening marginally from around $2.8/b to $2.83/b.
  • Russian Urals on a DAP basis to China traded with a premium of $1.5/b to Brent, up from $0.44/b in Feb.
  • The price of ESPO sold from Russia’s Far East ports dropped to $63.3/b so far in March, compared to $66.6/b in Feb.
104 words

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.

The price of Urals on a FOB basis ranged from $56/b-$56.9/b in H1 March, compared to a range of $59.9-$60.8/b in Feb, Interfax said citing Argus pricing.

  • Discounts to Dated Brent were around $14.5/b-$15.5/b, compared to $14.3/b-$15.2/b in Feb.
  • Urals on a delivered basis to West Coast India has dropped to $68.6/b, with the discount to Brent widening marginally from around $2.8/b to $2.83/b.
  • Russian Urals on a DAP basis to China traded with a premium of $1.5/b to Brent, up from $0.44/b in Feb.
  • The price of ESPO sold from Russia’s Far East ports dropped to $63.3/b so far in March, compared to $66.6/b in Feb.