Grimaces of a pandemic: heavy URALS puts the vaunted BRENT on its shoulder
The crisis caused by the corona pandemic is already producing amazing results. For example, the May contract of benchmark Texas oil WTI fell into deep minus. Before the world community had time to get used to this fact, another surprise arrived. The independent agency Argus reports that the Russian grade of URALS oil was $0,20 higher than the quotes of the standard BRENT oil produced in the North Sea. Contracts for…