Thank you, Speedy.
Russian oil being discounted.
“Russia’s flagship crude traded at one of the deepest discounts in years as traders fret about how the crisis over Ukraine will play out.”
“Trafigura Group and the trading arm of Lukoil PJSC both offered Urals, the nation’s largest export grade, at $6.30 a barrel below the regional Dated Brent benchmark. That’s the deepest discount in at least 11 years, according to data compiled by Bloomberg. Surgutneftgas PJSC earlier sold the same crude for delivery to Europe at $6 a barrel lower than the same marker.”