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24.04.2026AI özeti
Russian Oil Discounts to Narrow to $17 for Urals, $10 for ESPO by Q4 - Analyst
Russian oil discounts will continue declining through 2026, with Urals crude discount expected to drop from $28 per barrel in Q2 to $17 by Q4, while ESPO crude discount could reach $10 per barrel, according to Andrey Polischuk, senior oil and gas analyst at Euler. The analyst noted that even the opening of the Strait of Hormuz would not reverse this trend, as Russian oil has become viewed as more reliable than other grades. Freight cost normalization will be the primary driver of discount reduction.
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