The last remaining European buyers of Ural sour baseload crude are now looking to alternatives to the Russian grade to meet contracts and ensure refinery throughput after the EU ban on December 5 marked a seismic shift in Europe’s refinery shales.
Kazakh Crude Oil CPC blend is seeing an increasing demand for a light grade that can be easily blended with alternative sour crudes to produce a medium acid Ural alternative. A sour trader said he bought CPC Blend and…
