Export of Russian oil to Europe decreases to a 10-year low
Edited by Rhod Mackenzie / 2013-07-04 08:32:42
Supplies of Russian oil to Europe have decreased to a 10-year low. Russian oil companies prefer to process oil products and increase export to China, The Financial Times writes.
In July, the export of Russian oil to European countries was to be 2.1 million barrels per day, contracts on the transportation of raw materials show.
Oil of the Urals grade is sold in the EU at a premium to the physical batches of North Sea oil (The brand Brent, is used to calculate the price for Russian crude oil), the agency Platts reports.
