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Image Source : Energyinfra market Screenshot 2024 05 03 182027

May Urals oil prices stable for India, say traders

Last Update 03 May 2024

Russia's Urals crude prices for May loading to India remain stable at a $3.5-4 per barrel discount to dated Brent, supported by lower supply and strong demand. Oil loadings from Russia's Western ports are expected to drop by about one million metric tons in May due to refinery operations resuming after maintenance, with increased Turkish imports also aiding Urals price stability in Asia.

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