Urals discount on Brent narrows as Baltic trade steams up

12.02.2019

Kazakhstan’s benchmark Urals crude’s differentials in northwest Europe rose on Monday as trade focus shifted to March cargoes, while Russia’s Rosneft awarded its jumbo tender to sell Urals and CPC Blend in April-September 2019.

Shell bought from Glencore 100,000 tonnes of Urals for loading March 4-8 from Primorsk or Ust-Luga at...