Experts Report Rise In Demand For Russian Oil

Oil experts reported a rising demand for Russia's Urals oil in Mediterranean ports despite a fall in prices for Russian oil, which followed a general tendency on the international oil market. According to specialists, a reduction in the price difference between Dated Brent and Urals oil testified to this demand. In particular, this difference reduced from $0.9 per barrel as of September 20 to $0.6 per barrel as of now. The price for Dated Brent amounted to $20.77 and for Urals to $20.17 per barrel as of October 2. Experts explained that oil consumers in Europe are afraid that oil supplies from Iraq may discontinue after the beginning of the US anti-terrorist operation in the event the USA decides to bomb Iraq.

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