international magazine
09 / 2004


Despite growing since the end of September crude prices for the benchmark North Sea and US blends, discounts for the medium sulphur blends, including Russia's Urals, reached record-breaking levels ever both in NWE and in the Mediterranean. By mid-October, the discount on Russia's export blend to Brent benchmark topped $7.6/bl, keeping Urals out of the sacred $50/bl level.