Monday, 23 July 2007

Russia's Urals Oil Steady as European Refining Margins Recover From Lows

(Bloomberg) -- Urals crude, Russia's export blend, was
little changed against benchmark prices in northwestern Europe
after recent losses stemmed a decline in refining profitability.

The price of Urals cargoes loading within 10 to 25 days
remained at a discount to dated Brent of minus $2.65 a barrel on
July 20, according to data compiled by Bloomberg, unchanged from
July 19.


Read more at Bloomberg Energy News

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