EnergyPre-market
US sanctions widen discount on Russian oil exports
pre-market1 source ↓written by the desknot a recommendation
- in Asia reaching
- $4 per barrel
- in Russia's oil
- 27% decline
New US sanctions have led to increased discounts on Russian oil, with the price gap between Russian Urals and Brent crude in Asia reaching $4 per barrel. Major Indian and Chinese refiners have reduced purchases, contributing to a 27% decline in Russia's oil and gas income in October compared to last year. This trend may further impact Russia's fiscal stability.
Not investment advice. For informational purposes only.