Crude Oil - Urals Moves to Asia Amid Softer European Demand

摘要

Lower physical differentials for Urals dimmed expectations for a price re- covery, trailing the lack of interest for the staple Russian export crude oil during the week. As refiners prepare for the new International Maritime Organization’s (IMO) standards on marine fuel, the high-sulfur content of medium-sour Urals does not fit well into their grad- ual shift to cleaner feedstock.