IUX24
TopMarketWorldEconomyFinanceTechnologyBusinessPoliticsAnalysis & Opinion

Russian Urals oil price exceeds Brent in Indian market

Russian Urals oil is trading at a premium to Brent in India as conflict in Iran disrupts supply. Prices rose to 68.60 dollars, exceeding G7 price caps.

Xurve View
Insights:

The flagship Urals crude from Russia is trading at a premium to the Brent Crude Oil benchmark at delivery points in India for the first time in history. This unprecedented market shift is being driven by a sharp increase in demand following the outbreak of regional conflict.

A Fuga Bluemarine crude oil tanker anchored near the Kozmino terminal in Nakhodka Bay, Russia. REUTERS/Tatiana Meel
IUX24

IUX24 AI-powered financial news and market intelligence. Think and act like smart money.

IFZA Properties, Dubai Silicon Oasis, DSO-IFZA, Dubai, United Arab Emirates

Copyright IUX24 MEDIA - FZCO. All rights reserved.

Powered by AI • Made with precision

IUX24 is an information and analytics platform providing news, market data, analytical tools, and AI-powered features for informational and educational purposes. The Services and information provided do not constitute investment advice, trading signals, or brokerage services. Investing involves risk, and Users should carefully evaluate information before making investment decisions.