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

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

Things to know about the contracts:

  • Traded electronically on the CME Globex platform
  • Physically delivered at the year-round Baltic Sea port of Primorsk

About 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.

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