Urals
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Russia’s main grade of crude, known as Urals, trades for around $45 a barrel, well below the international benchmark Brent.
“Refiners are technically capable of operating without Urals, but a rapid disengagement would be commercially challenging and politically sensitive,” according to an analysis from Kpler, a ship-tracking data provider.
On Friday, the price difference between Brent and Russia’s Urals blend reached $26.5, a record high, according to commodity analytics company Argus Media.
It left Russia in late December and just days after the BBC reported on the UK's legal advice it entered the Channel carrying about 100,000 tonnes of Urals crude, Russia's flagship oil grade.
From BBC
Another issue is that Russian Urals crude has a higher sulphur content than the Brent crude supplied from elsewhere.
From BBC
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