Overheated Mediterranean oil market cools as refiners seek other grades

MOSCOW (MRC) -- Premiums for Mediterranean oil grades over dated Brent have eased in the past few days as European refiners turn to cheaper alternatives to Russian Urals and other crudes, said Hydrocarbonprocessing.The price differential for Russia's Urals oil surged well above USD2 per barrel a week ago after the loading plan for July showed a 45% fall in exports from Baltic ports from

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