U.S. Sanctions Push Russia’s Oil Discounts to Highest Level Since Last Year

The discount on Russian Urals crude compared to Brent reached a one-year high of 19.40 dollars per barrel at the ports of Primorsk and Novorossiysk on 10 November, according to Russian newspaper Kommersant, which cited industry sources. Urals serves as Russia’s benchmark crude, while Brent is the global reference.

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