Urals

It is a blend of light West Siberian crude and heavier oil from the Volga and Urals region. Its higher sulphur content always priced it a little below Brent, but since sanctions the pool of buyers has shrunk and the discount has widened sharply. To see not how much oil Russia sold but how much it was paid, you have to read this grade's price alongside its gap to Brent.

Predictions & track record (1)

• Awaiting grading India's EUR 5.5 billion, oil products' 45%, and Russia's total 12%Score whether India's Russian crude import bill exceeds EUR 5.5 billion in the August tally due in early September 2026.

1 related posts

• Watch India's EUR 5.5 billion, oil products' 45%, and Russia's total 12% Steve Hanke (@steve_hanke) · 2026-08-12