Norway from November 5 began to produce on the field in the North sea a new variety of oil. Analysts say that the world can switch to it to the detriment of the lighter Russian Urals.
Attractive to buyers mix Johan Sverdrup makes a lower sulfur content compared to raw materials from Russia. In addition, Norwegians can offer more effective logistics scheme, writes Reuters.
The Russian economy is heavily dependent on hydrocarbon exports. Since the new year the refinery will live by the rules that require the use of less sulphurous compounds, the “Urals prices could fall,” reads the material.
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