Oil slumps below $75
Oil prices slump accelerated: Brent fell below $75 per barrel for the first time since late 2021. According to trading data, today, world …
Urals
Russian oil recovering after decline
The average price of the Urals export oil blend in February 2022 fell by 1.86 times year-on-year and amounted to $49.56 per barrel, the Russian Ministry of Finance said. "The average price of the Urals oil blend was formed as …
Russia’s oil and gas budget revenues down bay almost 50%
Oil and gas revenues of the Russian budget, according to preliminary data, amounted to 426 bln rubles ($5.96 bln) in January 2023 and decreased by 46% compared to January 2022, the Ministry of Finance said on Monday. "Oil and gas …
Average price of Russian oil drops in January
The average price of the Russian Urals export crude oil amounted to $49.48 per barrel in January 2023, the Russian Finance Ministry reported on its Telegram channel on Wednesday. "The average price of the Urals oil amounted to …
Russia’s Urals oil drops below proposed EU price cap
Russian flagship crude oil dipped again on Friday, serving as a reminder of the challenges facing European Union diplomats haggling over a price level at which to cap Moscow’s exports. The country’s key Urals grade fell to …
Indian Oil buys 3 mln barrels of Urals for May loading - source
Indian Oil Corp, the country's top refiner, on Wednesday bought 3 million barrels of Russian Urals and 2 million barrels of West African oil through a tender for May loading, trade sources said. Urals crude has been purchased from …
Urals price surpasses $95 per barrel first since 2014
The price of Russia’s Urals export oil in Europe exceeded $95 per barrel during February 4 trading for the first time since September 2014, according to the international price agency Argus. The Urals price in Northwestern Europe …
Azerbaijani oil reaches $100 per barrel
Azerbaijani Azeri Light oil brand rose on the world market by $4.23 (4.44%) to $99.03. In addition, in the Turkish port of Ceyhan, the price of Azeri Light rose by $4.23 to $98.39 per barrel. It should be noted that the …
Urals oil price exceeds $93/bbl for first time in 7 years
Prices of the Russian oil export blend Urals in Europe are above $93 per barrel for the first time in seven years, the international price agency Argus said. Urals growth followed that of the Brent oil, which crossed the $91 benchmark …
Azeri Light oil price exceeds $90
Oil prices rose for a fourth day on Wednesday as an outage on a pipeline from Iraq to Turkey increased concerns about an already tight supply outlook amid worrisome geopolitical troubles in Russia and the United Arab Emirates. The price …
Urals oil price reaches three-year high
The average price of Urals oil in 2021 reached $69 per barrel, according to the Russian Ministry of Finance. According to the ministry, the average price for Urals oil in January-December 2021 was $69 per barrel, in …
Urals oil average price doubled
Average price of Russia’s Urals oil rose doubled in October, reaching $81.49 per barrel. According to the press service of the Russian Ministry of Finance, in October 2020 it was $40.53 per barrel. The average …
Russia's Urals oil prices above $80 per barrel
Prices of the Russian oil export blend Urals crossed the line of $80 a barrel at night of October 5, for the first time since 2018, the international price agency Argus said. Urals prices climbed to $80.8 per barrel in Northwestern …
Russian oil exports under fire as Iraq slashes prices
The price of Russia’s flagship Urals grade slumped this week as Russian supply and exports are set to grow and as Iraq cuts the price of its crude for Europe
Urals average price reaches $70
Average price of Russia’s Urals oil rose to $70.1 per barrel for the first time since May, 2019, according to Argus. The last time the price of Russia's oil was above $70 per barrel in the northwest region of Europe on May 22, …
Average price of Russia's Urals in May up by 2.1 times
The average price of Urals oil in May 2021 increased 2.1 times in annual terms, up to $66.63 per barrel, according to the website of the Russian Ministry of Finance on Monday. "The average price for Urals oil in May 2021 was $66.63 …
Average Urals price down 34.4% over 2020
The average Urals oil price plummeted by 34.38% year-on-year in 2020 to $41.73 per barrel, the Russian Ministry of Finance said. "The average price of the Urals oil blend in January - December 2020 evolved as $41.73 per barrel; in …
Urals price reaches record-breaking premium against Brent since 1990
Russia’s Urals oil reached record-breaking premiums against the North Sea Brent benchmark throughout the monitoring history since 1990, Argus agency says in its review. The Urals premium in Northwestern Europe added …
Russia's crude export duty to be raised in winter
Russia's crude export duty will be increased by $2.2 to $90.5 per ton from December 1, 2019, according to the Russian Finance Ministry's website. Russia's current crude export duty is $88.3 per tonne. From October …
Russia reduces crude export duty by $16.2 on August 1
Russia's crude export duty will be reduced by $6.2 to $94.1 per ton from August 1, 2019, according to the Russian Finance Ministry's website. Russia's current crude export duty is $100.3 per ton. …
