[Paul R.]

The size of the gap (there is always some) between Brent crude and Urals crude is worth watching...

[dennisw]

The size of the gap (there is always some) between Brent crude and Urals crude is worth watching...

Today, Putin's Urals crude is going at an $8 discount from Brent aka European crude price. Bad news. I have seen the gap as much as $15.
But Urals current alledged spot price being $75.32. I am thinking that most favored nations-customers are getting it for $65 or less. Favored nations being high volume buyers, such as China and India, Norks too, because they send Roosky their old rotten artillery shells.