| Model: | (GOST 9965-76) |
|---|---|
| Brand: | REBCO |
| Origin: | Made In Russian Federation |
| Category: | Metallurgy , Mining & Energy / Energy / Petroleum |
| Label: | REBCO , D2 diesel , oil and gas |
| Price: |
US $320
/ ton
|
| Min. Order: | 50000 ton |
Russia is the world's second largest producer of crude oil and also one of the world's top oil exporters. Russian export blend crude oil (REBCO) is a medium gravity sour crude that accounts for exports of approximately 4 million barrels per day into the Atlantic Basin or to other nearby refining markets.
The New York Mercantile Exchange, Inc., the world’s largest energy marketplace, has developed a proposed REBCO futures contract in collaboration with Expertica Ltd.
The expected benefits of a REBCO futures contract are continuous price discovery, market transparency, and financial protection against the risk of counterparty default.
