Urals oil
Urals oil is a reference oil brand used as a basis for pricing of the Russian export oil mixture. It is a mix of heavy sour oil of Urals and the Volga region with light oil of Western Siberia. Other reference oils are Brent, West Texas Intermediate and Dubai.
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Associated petroleum gas being burnt in a gas flare in the taiga of West Siberia, early 1980s
Urals brand oil is supplied through the Baku-Novorossiysk pipeline system and the Druzhba pipeline. Urals oil futures trade on Moscow Exchange.[1] There was also an effort to trade it on NYMEX under the name of REBCO (Russian Export Blend Crude Oil);[2] however, not a single trade was made.
References
- "Urals oil prices". Top Oil News. Archived from the original on 2009-02-21. Retrieved 2009-02-12.
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"New Oil Price Forecast" (PDF). Rye, Man and Gor Securities. 2006. Archived from the original (PDF) on 2011-07-16. Retrieved 2009-02-12. Cite journal requires
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