The United States is set to import more Russian oil this month and next, sources familiar with the matter told Bloomberg , as American supply of medium sour crudes is tight with 77 percent of U.S. Gulf of Mexico oil production still offline ten days after Hurricane Ida made landfall in Louisiana. There is increased interest from refiners for Russian crude, especially the medium sour Urals grade, which is similar to the U.S. Mars blend whose production is still offline, according to Bloomberg’s sources. The tighter supply of U.S. medium sour crudes in the aftermath of Hurricane Ida has pushed the price of Russia’s Urals up to a discount of just $1.05 per barrel to Dated Brent—the highest price for Urals in seven months—compared to a Urals discount to Brent of $1.95 a barrel before Ida, Bloomberg estimates show. Bureau of Safety and Environmental Enforcement (BSEE) data as of […]