U.S. sanctions widen Russia's crude oil discount to $20
after close1 source ↓written by the desknot a recommendation
- has widened
- $20 per barrel
- discount earlier
- $13-$14
The discount of Russia's flagship crude Urals to Brent has widened to $20 per barrel, the highest this year, following U.S. sanctions on Rosneft and Lukoil. This marks a significant increase from a $13-$14 discount earlier in November. The sanctions impact crude flows, particularly affecting demand from China and India.
Not investment advice. For informational purposes only.