Overview

The report provides a detailed coverage of events in Russian crude market, spot prices and details of spot trading, formula prices based on global price assessments, monthly data on crude supply to Russian refineries and maintenance plans.

Key features

Spot price assessments

Daily spot prices (Urals fip west Siberia SPOT)

Formula-based price assessments and netbacks

Formula-based price assessments for Russian crude (Urals fip west Siberia FORMULA, Urals fip west Siberia FORMULA (India), Urals fip Volga region FORMULA, Urals fip Timan-Pechora FORMULA, ESPO Blend fip west Siberia FORMULA)

Market situation

Overview of the Russian crude market

Benchmarking

Comparative analysis of domestic and export crude sales

Historical data

Historical data from 2006

Fob price assessments

Fob Primorsk and fob Novorossiysk price assessments for Russian crude

Customers that benefit

Argus data and price assessments are used in commercial contracts for physical cargoes, to calculate tax payments, for transfer pricing as well as for the market valuation of assets, strategic and budget planning.
  • Buyers and sellers of Russian crude

    Use the price assessments to trade in pipeline and rail cargoes of crude in different regions of Russia — both in the spot market and under term contracts
  • The largest Russian vertically integrated oil and gas companies

    Use the price assessments to sell crude to third-party companies and their own subsidiaries. The price assessments are used by government agencies: the Federal Tax Service (in accordance with the law on transfer pricing), the Federal Antimonopoly Service (to justify the prices in transactions). Companies also use our price assessments to assess tax payments

  • Independent producers and refiners of Russian crude as well as traders

    Use the information when entering into transactions

  • The pipeline operator and government agencies

    Use the price assessments and analytical information in the report to monitor the Russian crude market