Urals oil

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Urals oil is a reference oil brand used as a basis for pricing of the Russian export oil mixture. It is a mix of heavy sour oil of Urals and the Volga region with light oil of Western Siberia. Other reference oils are Brent, West Texas Intermediate and Dubai.

Urals brand oil is supplied through the Baku-Novorossiysk pipeline system and the Druzhba pipeline. Urals oil futures trade on Russian Trading System stock exchange.[1] There was also an effort to trade it on NYMEX under the name of REBCO (Russian Export Blend Crude Oil);[2] however, not a single trade was made.[citation needed]

References[edit]

  1. ^ "Urals oil prices". Top Oil News. Archived from the original on 2009-02-21. Retrieved 2009-02-12. 
  2. ^ "New Oil Price Forecast" (PDF). . Rye, Man and Gor Securities. 2006. Archived from the original (PDF) on 2011-07-16. Retrieved 2009-02-12.