Ural
Urals is a Russian export crude oil blend, primarily drawn from West Siberian fields and shipped mainly through Baltic and Black Sea ports. It serves as the main price benchmark for Russian oil sold to buyers outside the Western sanctions regime and has historically traded at a discount to Brent and Dubai. The grade is classified as medium-sour and has been one of the largest non-sanctioned crude export streams in the world.
-
Russia's weekly seaborne oil revenue hits record $2.75 billion since full-scale invasion
Russia's seaborne crude export earnings reached $2.75 billion in the week to September 27, the highest weekly figure since the start of the full-scale invasion of Ukraine, driven by higher volumes and rising Urals and ESPO prices. The jump comes as Ukrainian drone strikes have reshaped Russia's export mix and Moscow's own diesel export ban partially offsets the gains.