Product Description

Russian Export Blend Crude Oil (REBCO), also known as Urals oil, is a medium gravity sour crude. It is a mix of heavy oil from the Urals and the Volga region with light oil of Western Siberia.
REBCO futures are traded at the NYMEX under ticker symbol R2. Contract size is 1,**0 barrels with a contract price quoted in US Dollars and Cents per barrel. Delivery dates take place every month of the year. Russia is the world's second largest producer of crude oil and also one of the world's top oil exporters.
REBCO accounts for exports of approximately 4 million barrels per day into the Atlantic Basin or to other nearby refining markets. There are two main qualities of export oil in Russia: Urals Blend and Siberian Light. Siberian Light, produced in Siberia, has a lower sulphur content and lower viscosity than Urals Blend a mixture of crude oils consisting of Siberian Light with high sulphur oils produced in Russias European regions.