Urals oil is a reference oil brand used as a basis for pricing for the Russian export oil mixture. It is a mix of heavy, high-oil of Urals and the Volga region with light oil of Western Siberia. Other reference oils are Brent, West Texas Intermediate and Dubai.
Urals brand oil is supplied through Baku-Novorossiysk pipeline system and the Druzhba pipeline. In Russia, oil futures class Urals trade on the stock exchange Russian Trading System.[1] At NYMEX it is known under the name of REBCO (Russian Export Blend Crude Oil)