Urals Crude Oil

Urals Crude oil is a Russian export mixture obtained by blending heavy high-sulfur oil from the Urals and Volga regions with light Siberian Light oil, used in the energy sector as a marker grade for international markets primarily produced in Russia, serving as a price reference at a discount to Brent due to lower quality characteristics. In 2026-02, prices ranged from 53.26 USD/bbl. to 58.94 USD/bbl. with an average of 56.48 USD/bbl. Key characteristics include density from 31 to 32° API and sulfur content up to 1.3-1.4%, with value typically set below Brent prices. The indicator is a spot price based on CIF Europe, calculated as a freight forward from FOB.