Russian Export Blend Crude Oil

imgRussia 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) accounts for exports of approximately 4 million barrels per day into the Atlantic Basin or to other nearby refining markets.

Russian Export Blend, the Russian benchmark crude, is a mixture of several crude grades used domestically or sent for export. Russian Export Blend is a medium, sour crude oil with an API gravity of approximately 32 and a sulfur content of approximately 1.2%. Its spot price is reported at Augusta, Italy, and Rotterdam, the Netherlands, which act as the two primary delivery points.