Most of the supply distributions have been attributed lately to geopolitical factors; however, some other technical factors have emerged after Europe refineries stopped processing Urals
crude from Russia after they found contamination in oil delivered via the Druzhba pipeline.
Azerbaijan also exports URALS
oil from Russia's Black Sea port of Novorossiysk.
A sharp rise in freight rates for Aframax cargoes loading in the Baltics and steaming to the UK-Continent coupled with a falling Urals
CIF-Rotterdam assessment has helped send the FOB Urals
Ex-Baltics market to its lowest value versus dated Brent since April 21.
13 September 2016 - Cyprus-based, Russia-focused exploration and production company Urals
Energy plc (AIM: UEN) has closed the purchase of the entire share capital of Arctic Oil Co Ltd.
In the first phase, this will involve futures trading in Russia's two export crude oils: Urals
for the Western and Mediterranean markets and the East Siberian grade called ESPO after the name of an Eastern Siberian crude oil pipeline to Kozmino, as well as diesel.
The discount of Russia's Urals
grade in the Mediterranean to global benchmark Dated Brent widened to $2.40 a barrel, ac cording to traders.
Venezuela's state-run oil company PDVSA will receive a 630,000 barrel cargo of Russia's Urals
medium crude at its Bullenbay storage terminal in Curacao, according to Reuters trade flow and vessel tracking data.
The lab accuses the company of calculating production costs on the basis of the price of Brent crude oil instead of the cheaper Urals
crude oil imported by Neftochim for processing at the refinery in Burgas.
Russian aluminum producer UC Rusal has announced the start-up of the Cheremoukhovskaya-Gloubokaya mine at its North Urals
bauxite mine complex in Severouralsk, Russia.
In a twist to the (http://www.ibtimes.co.uk/world-videos-news/2123/russia-meteor-shower-mass-panic-urals-chelyabinsk-yekaterinburg-tyume.html) Urals
meteor strike in Russia , new footage has sparked claims that the space rock was blown up by a UFO.
Summary: A powerful blast has rocked the Russian region of the Urals
with reports suggesting a meteor shower has taken place.