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المشهد العربي
Asian demand drops as Urals crude dips below Brent
The decline in Asian demand for Russian Urals crude has led to its trading at a discount compared to Brent crude, with its price dropping by $2 to $3 per barrel in July and August. This is a significant change from the previous premium of $7 to $8. This shift reflects Asian refineries' preference for alternative supply sources and a reduction in production and refining, as a result of decreased demand for Russian oil in the Indian and Chinese markets.
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