CME Group » Energy » Russian Export Blend Crude Oil (REB
Energy Products
View an Energy Product
Russian Export Blend Crude Oil (REBCO) - Financial 
Quotes | Contract Specifications | Performance Bonds / Margins | Product Calendar | Learn More
 

Russian Export Blend Crude Oil (REBCO) (Financial) futures are an outright crude oil contract between a buyer and a seller. The contract:

  • Provides a dependable pricing basis for crude shipped via pipeline or from other ports of export
  • Offers opportunities for price discovery, market transparency, and financial protection against the risk of counterparty default

Things to know:

  • Trades electronically on the CME Globex trading platform
  • Settles according to the Urals FOB Primorsk assessment published by Argus Media

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 world's largest energy marketplace, has developed the REBCO futures contract in collaboration with Expertica Ltd. and the Russian oil industry.