Russian Urals in focus amid sanction scare as Middle East crude prices bite

Asian refiners are tracking prices of Russia’s Urals crude amid fears of sanctions as strong demand continues to boost values for various Middle East grades pressuring their margins, sources told S&P Global Platts. European refiners, the baseload buyers of the medium, sour crude, have been shying away favoring sweeter barrels due to better refining economics and also because of the…