Russia reduces crude export duty by $10.1 on July 1
Russia's crude export duty will be reduced by $10.1 to $100.3 per ton from July 1, 2019, according to the Russian Finance Ministry's website. Russia's current crude export duty is $110.4 per ton. …
Urals
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Russia raises crude export duty by $5.8 on June 1
Russia's crude export duty will be increased by $5.8 to $110.4 per ton from June 1, 2019, according to the Russian Finance Ministry's website. Russia's current crude export duty is $104.6 per ton. From April …
Russia raises crude export duty by $7.2 on May 1
Russia's crude export duty will be increased by $7.2 to $106.6 per ton from May 1, 2019, according to the Russian Finance Ministry's website. From March 15 to April 14, the average price of Urals petroleum mix was …
Forecasts for ruble’s exchange rate worsened
Russia’s top bank Sberbank has worsened its forecasts for the ruble’s average annual exchange rate against the U.S. dollar for 2019–2020. The bank worsened the rate for 2019 to 68.5 rubles per U.S. dollar and for 2020 …
Russia raises crude export duty by 10.5 on March 1
Russia's crude export duty will be increased by $10.5 to $91.2 per ton from March 1, 2019, according to the Russian Finance Ministry's website. Russia's current crude export duty is $80.7 per ton. …
Russia's oil export duty to fall by $46.1 in January
Average price of Russia's Urals crude from prices recorded between November 15 to December 14 amounted to $60.47 per barrel, the Russian Finance Ministry reported. Russia’s oil export duty is expected to fall by $46.1 …
Russia's oil export duty to rise by $7.5 in October
Russia's oil export duty is expected to rise by $7.5 to $137.5 per tonne on October 1 from $130.0 a tonne in September, according to data from the Russian finance ministry. The level of the duty is calculated by the finance ministry …
Urals price rises almost 40%
Average price of Russia’s Urals oil rose 39% to $69.43 per barrel in January-July, 2018 compared to the same period last year, the country's finance ministry said. It was reported that in July 2018 the price was $72.87 per …
Urals average price rises almost 40%
Average price of Russia’s Urals oil rose 36.8% to $68.83 per barrel in January-June, 2018 compared to the same period last year, the country's finance ministry said. In January-June, 2017, the average price of Urals was $50.3 …
Oil price at highest level since November 2014
Oil price hit its highest levels today since November 2014 as stockpiles fall and worries about geopolitical tensions in the Middle East weigh on the markets. The cost of Brent crude oil futures contracts deliverable in June 2018 rose …
Urals average price rises 25.3%
Average price of Russia’s Urals oil rises 25.3% to $65.22 per barrel in January-March, 2018 compared to the same period last year, the country's finance ministry said. In January-March, 2017, the …
Urals oil price increases by 27.3% this year
The average price of Urals oil in January-November 2017 was $52.17 per barrel, the website of the Russian Finance Ministry said. In 2016 the average price of Urals oil was $41.02 per barrel. Accordingly, in annual terms, …
Urals crude price rises by 25.6%
Average price of Russia’s Urals oil rose 25.6% to $51.5 bbl from January to October, 2017 (compared to the same period in the previous year), the Russian Finance Ministry said. Average price of Urals oil rose 17% to …
Russian oil export duty rises by by $8.2
Russia's oil export duty is expected to rise to $96.1 per tonne in November from $87.9 per tonne in October, data from the Russian finance ministry showed on Monday. The rate is calculated by the finance ministry and is based on the …
Russia prepares to 'untie' dollar from oil
Russia has began negotiations to launch futures for the Urals oil. The Saint Petersburg International Commodity Exchange (SPIMEX) is preparing to launch a futures contract on the Russian export blend Urals and it invites international trading …
Will Urals oil be able to replace Brent crude?
Russia's Urals petroleum mix oil may become a price benchmark soon instead of North Sea Brent crude oil mix due to its significant drop in price. As a result, payments for Russian oil will be carried out in rubles, Russian media report. …
Price of Urals oil almost halved in 2015
Expert of the Russian Finance Ministry Alexander Sakovich said that in 2015 the average price of Urals petroleum mix, under which the Russian Federation supplies oil abroad, was $51.23 per barrel. The expert recalled that in 2014 …
