Russian Urals crude delivered to India has flipped to a premium against the dated Brent benchmark for the first time since May as stronger Asian demand coincides with tighter export availability, three trading sources said. Cargoes of Urals crude for October delivery were offered this week at premiums up to $1 a barrel to dated Brent, compared with discounts of $1 to $2 a barrel for September-arrival cargoes, the sources said. The rebound reflects a combination of rising buying interest from India and China and lower availability of Russian barrels from the Black Sea due to ongoing drone strikes on Russian export terminals there. #oott https://www.marketscreener.com/news/russian-urals-crude-flips-to-premium-in-india-on-strong-demand-tighter-supply-ce7858dada8cf22c

Russian Urals crude delivered to India has flipped to a premium against the dated Brent benchmark for the first time since May as stronger Asian demand coincides with tighter export availability, three trading sources said. Cargoes of Urals crude for October delivery were offered this week at premiums up to $1 a barrel to dated Brent, compared with discounts of $1 to $2 a barrel for September-arrival cargoes, the sources said. The rebound reflects a combination of rising buying interest from India and China and lower availability of Russian barrels from the Black Sea due to ongoing drone strikes on Russian export terminals there. #oott https://www.marketscreener.com/news/russian-urals-crude-flips-to-premium-in-india-on-strong-demand-tighter-supply-ce7858dada8cf22c

Source:https://x.com/staunovo/status/2090809773570572746