Buyers snub 880,000t of March Urals

摘要

Urals is trading at record-deep discounts to benchmark North Sea Dated crude following a dramatic collapse in values since Russia's invasion of Ukraine.Baltic cargo discounts widened by $11.35/bl on the week to $18.65/bl on 2 March,while Black Sea Urals discounts deepened by $13.96/bl-to $16.96/bl and $17.11/bl for 80,000t and 140,000t shipments,respectively.Just five weeks earlier,Urals was trading at a discount of 78￠/bl in northwest Europe on 26 January,but at premiums of 35￠/bl and 20￠/bl to North Sea Dated,respectively,on the Mediterranean market.