Russian oil: brand and price. What is the Russian oil brand? What is the price of Russian oil?

The trademark of oil is a concept that arose as a result of the heterogeneity of raw materials and essential differences in fuel in terms of quality. This caused the division of world "black gold" into varieties. The type of product will depend on the concentration of sulfur, the availability of a variety of groups of alkanes and impurities. Mark also depends on the deposit of the fossil. Various types of oil can optimize the process of trade in fuel, form a balance of supply and demand. History has defined the brand Brent as one of the main markers, which influences the formation of fuel prices throughout the world. This is determined by the reference quality of the latter. Russian oil, whose brand is not so popular, but no less well known in the world market, is Urals.

Grades of Russian oil

Today it is customary to allocate only five grades of oil in Russia :

• Urals.
• Siberian Light.
• Sokol.
• ESPO.
• REBCO (Russian Export Blend Crude Oil).

All of them differ significantly in quality and composition, in the presence of impurities. The most traded fuel is the Urals brand. Its purchase and sale are actively conducted in the domestic FORTS market and on the RTS stock exchange. All other brands are less in demand because of low quality, but there is a demand for them, albeit minimal. As of May 26, 2015, the price for a barrel of "black gold" of this brand was $ 63.95. Finally, a long-awaited pullback began on the market, which, after a catastrophic decline in the cost of raw materials to almost $ 45, was expected in February by many market participants.

Urals oil grade

The fuel, called Urals, or Urals, is high-sulfur Russian oil, the brand of which includes fuel from the Khanty-Mansiysk Autonomous Okrug and from Tatarstan. Heavy and high-sulfur Urals oil is combined with light West Siberian oil. The main producers of raw materials are companies Rosneft and Lukoil, Surgutneftegaz and Gazprom Neft, TNK-BP and Tatneft. The price per barrel is formed by discounting the value of Brent. The difference is only a few dollars. Recently, the government has been making efforts to improve the quality of raw materials by removing Tatarstan fuel from it. In the Republic of Tatarstan, it is planned to equip the updated oil refineries to make gasoline from local "black gold". The Russian government has many promising programs to improve this brand of raw materials.

Oil grade Siberian Light

Russian oil, whose mark is Siberian Light, belongs to the category of raw materials of relatively high quality and has a sulfur concentration of 0.57%. The main producers of fuel are the enterprises of Rosneft and Lukoil, Surgutneftegaz and Gazprom Neft, and TNK-BP. Supplies of oil products are carried out through the port in the territory of Tuapse. The brand as an independent fuel is sold in small quantities, and the bulk of the raw materials in the main pipelines act as the basis for Urals.

Oil grade Rebco

Russian oil Rebco is traded on the commodity exchange in New York (Nymex). Under the name "Urals FOB Primorsk" is to be supplied, which is formed in the pipelines of Transneft. Fuel is formed by combining oil from the Urals-Volga and low-sulfur fuel from the western part of Siberia. Interesting is the fact that by its characteristics this sort of raw material is completely identical to the Urals variety considered above. Many experts of the world oil market call this brand an unsuccessful and unrealized project. She never managed to become a full participant of the international market. In history, namely in 2006, there was a situation when at the auctions a very limited amount of raw materials was bought, which ultimately was not delivered to customers for technical reasons.

Sokol oil grade

This Russian oil, the Sokol brand, or Sokol, is the fuel that is being developed as part of the Sakhalin-1 project. Export of raw materials is carried out through the port of De-Kastri, located in the Khabarovsk Territory. The oil density corresponds to 37.9 degrees, and the sulfur content remains at 0.23%. Back in 2007, the company-developer of petroleum products placed great hopes on this brand, planning to make it the dominant one in the Asian region. The problem arose when, in contrast to the high quality of fuel, the lack of a product on the world market and its production in a rather limited amount was put. Very interesting is the fact that raw materials are traded at an order of magnitude higher than the products of competing and reference Oman and Dubai brands.

ESPO oil grade

This Russian oil - the ESPO brand - is East Siberian oil. It is supplied via the Eastern Siberia-Pacific Ocean pipeline. At the moment, the cost of oil brand is completely tied to the price of Dubai Crude. The density of the oil product is equal to 34.8 degrees, and the sulfur concentration corresponds to the level of 0.62%. Many experts say that this Russian oil has a promising future. In order to classify it as a marker, only time is needed. According to preliminary research, it turned out that the brand ESPO is much better than the domestic brand Urals. Previously existing problems with chlorine impurities in raw materials have now been completely resolved. The fate of ESPO depends solely on the development of the ESPO and enterprises that develop fuel in the regions. At the moment the brand is popular and gradually displaces its Far Eastern competitors from the market.

What determines the price of Russian oil?

Urals is a weighted grade of oil, for which an average quality is inherent due to the high concentration of sulfur. The diverse chemical nature of the product is due to different development regions. The price of Russian Urals oil is formed on the basis of available demand and supply. The imprint on the price of the product is imposed by the Brent brand, but a certain discount is not taken into account in the calculations. Having mediocre characteristics, the raw materials compete with light fuel. Fuel is traded on the domestic market, and the asset itself is considered low liquid. There are only a few supply contracts a day. As for futures, they are more of a settlement structure and are used to change the cost of Russian oil and carry out speculative actions. An important role in the formation of prices is played by trading on the commodity exchange in New York. Regardless of which brand of Russian oil, it will rise in price as the world's economies develop. The increase in production leads to an increase in the expenditure of resources, which will generate demand and will stimulate prices for petroleum products. The oil market and its pricing policy are closely related to the situation in the world, and Russian oil in this matter is not an exception to the general rules.