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REBCO

REBCO

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KAMARA Supplies

KAMARA Supplies

USA

Free Member

Contact Person Mr. Russell

Bedminster, New Jersey

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Description

Russian Export Blend Crude Oil (REBCO)

Russia 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) is a medium gravity sour crude that accounts for exports of approximately 4 million barrels per day into the Atlantic Basin or to other nearby refining markets.

The New York Mercantile Exchange, Inc., the worlds largest energy marketplace, has developed a proposed REBCO futures contract in collaboration with Expertica Ltd.

The expected benefits of a REBCO futures contract are continuous price discovery, market transparency, and financial protection against the risk of counterparty default.

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