Rosneft Holds Rare Firesale for 38 Million Barrels Of Crude ...Middle East

Rosneft is offering as many as 37.4 million barrels of the flagship Urals crude for May and June loadings, according to a tender document seen by Bloomberg—a sign that Russia’s top oil producer is racing to award spot tenders before any possible EU embargo on Russian oil comes into force. The massive tender offer from Rosneft surprised traders in Europe and Asia, who told Bloomberg that it is not typical for the Russian oil giant to seek such short-term and large-volume sales. The tender offer is for Urals loading and departing from…

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