Value of Russian oil exports fall as G7 price cap nears
According to a S&P Global Commodity report, the outright price for Russia’s flagship crude Urals slumped to 22-month lows in the run-up to the Dec 5 start for the mechanism as weak physical market fundamentals and anxiety around sanctions risk have spurred even steeper discounts
Hemanth Kumar
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According to a S&P Global Commodity report, the outright price for Russia’s flagship crude Urals slumped to 22-month lows in the run-up to the Dec 5 start for the mechanism as weak physical market fundamentals and anxiety around sanctions risk have spurred even steeper discounts
