With six weeks left until the EU ban on most Russian crude oil imports on December 5, rebates on sour Russian Ural exports have started to widen above the previously stable $20 a barrel versus sweet Brent. Some Indian buyers have stopped buying shipments arriving after December. 5. Both official data from Russia and price assessment agencies indicate that the Urals rebate has reached $24-$25 per barrel in recent days, and observers expect it to decrease ahead of the…
