Distressed shipments of Russia’s Urals were offered at record prices on Thursday’s crude spot market as European refiners continued to shun the quality — not in immediate response Russia’s invasion Ukraine, but because the high-sulphur crude oil is too expensive for refineries looking for low-sulphur material.
Ural fell at $11 a barrel discount versus obsolete Brent as last three remaining cargoes from Russia’s February shipment program…
