Russian Urals crude discount falls $4.35/b on the day

Russian Urals crude has dropped to its lowest level ever relative to Dated Brent with its differentials weakening by $4.35/b day on day as the threat of international sanctions on Russian energy and financial services sparked a Urals selling frenzy in the market. CIF Rotterdam Urals was assessed at Dated Brent minus $11.23/b for Baltic loading cargoes and CIF Augusta…