 Home > Chemicals Industry > Petrochemical News > The widening of the discount range of Russian oil reflects trading risk

The widening of the discount range of Russian oil reflects trading risk

 Last Update: 2023-02-27
 Source: Internet
 Author: User

Tags

crude oil pictures

growing

Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

Negotiations within the European Union to include an oil embargo in its sanctions plan against Russia could stoke concerns
about growing tightness in global supply.
German leaders warned that the move could have devastating consequences
for the EU economy as supply shortages will exacerbate inflation.
Despite a brief rally in late March, the discount of Russian Urals to Brent has widened from the parity on Feb.
1 to minus $31.
15 on April
21.
This suggests that traders are concerned
about the possible impact of a ban on Russian oil on inflation and energy security.
In 2022, the turnover of Urals crude oil trading may exceed $120 billion
.

This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

Related Products

Xanthan Gum 80 mesh oil drilling grade CAS 11138-66-2

CAS No.: 11138-66-2

Industrial Grade

$2000-2300/MT FOB

UCOME helpful for environment 96.5% liquid Z1618 JINGU

CAS No.: 627-91-8

Industrial Grade

$1000-1050/MT FOB

UCOME Fatty acid methyl ester bio fuel to reduce CO2 96.5% liquid Z1618 JINGU

CAS No.: 627-91-8

Industrial Grade

$1000-1050/MT FOB

Hot Tags

united states jobs(223)

jobs united states(236)

1 year treasury(277)

1 year subscription(296)

single use technology(195)

announcements today(81)

ups united states(221)

united states logo(227)

80 20 company(94)

healthy food name(42)

Hot Articles

The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.