Russia could switch from Brent to Dubai oil pricing – Kommersant ...News

The head of Rosneft has proposed using the Asia-linked benchmark for Urals crude trading, the outlet reports The CEO of Russian oil major Rosneft has proposed using the Asia-focused Dubai oil price benchmark for its flagship Urals crude, Kommersant reported on Wednesday, citing sources familiar with the matter. The Urals price is currently pegged to the Brent blend, which is earmarked mostly for Western markets. But as Moscow shifts oil sales towards Asia, Rosneft CEO Igor Sechin has sent a letter to Russian Prime Minister Mikhail Mishustin proposing to tie the calculation of oil taxes to the Dubai benchmark, the

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