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Russian Urals oil premiums drop to $2–4 per barrel for June delivery, Walter Bloomberg reports

Russian Urals oil premiums drop to $2–4 per barrel for June delivery, Walter Bloomberg reports
Russian Urals oil premiums decline in India

Walter Bloomberg, financial news account at X (Twitter) Account, reports that premiums for Russian Urals oil have declined to $2–4 per barrel versus Brent for June delivery cargoes arriving at Indian ports.

This drop is attributed to weak refining margins, according to sources cited.

Walter Bloomberg has recently covered other global financial developments. He reported that S&P Global warned energy shocks and government support measures are straining budgets in Central and Eastern Europe, with negative outlooks for Hungary and Poland, according to S&P Global. Bloomberg also cited Fed's Kashkari, who called for flexibility on future interest rate policy and highlighted risks of prolonged conflict fueling inflationary pressure in a separate update.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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