international magazine
09 / 2004


SULPHUR TRESHOLD



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.