https://sputnikglobe.com/20230717/russian-urals-oil-price-rises-to-5803-per-barrel-1111944155.html
Russian Urals Oil Price Rises to Over $58 per Barrel
Russian Urals Oil Price Rises to Over $58 per Barrel
Sputnik International
The average price of Russian oil brand Urals amounted to $58.03 per barrel from June 14 to July 15, while the Brent benchmark was trading at $76.05 per barrel, bringing Urals 's discount to $18.02 per barrel.
2023-07-17T16:26+0000
2023-07-17T16:26+0000
2023-07-17T18:54+0000
urals
oil price
international energy agency (iea)
russian economy under sanctions
europe
price cap
economy
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Russia is increasing duty on oil exports by $1.3 to $16.9 from August 1, the ministry added.Previously, the G7 imposed a cap on prices to cut Russia's oil profits at $60 per barrel. However, on July 12, the market price of Urals oil broke through the artificial limitation set by Western powers reaching $63.22 per barrel.Furthermore, Russian oil production remains steady despite Western sanctions, according to an International Energy Agency report published on July 13.
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the $60-per-barrel artificial price cap, the average price of urals oil, russia's duty on oil exports, russian oil prices, russian oil price cap, sanctions on russian oil
the $60-per-barrel artificial price cap, the average price of urals oil, russia's duty on oil exports, russian oil prices, russian oil price cap, sanctions on russian oil
Russian Urals Oil Price Rises to Over $58 per Barrel
16:26 GMT 17.07.2023 (Updated: 18:54 GMT 17.07.2023) MOSCOW (Sputnik) - The average price of Russian oil brand Urals amounted to $58.03 per barrel from June 14 to July 15, while the Brent benchmark was trading at $76.05 per barrel, bringing the Russian oil's discount to $18.02 per barrel, the Russian Finance Ministry said on Monday.
"The average price of Urals oil from June 15 to July 14, 2023, was $58.03 per barrel, or $423.6 per tonne. North Sea Dated oil price for this period amounted to $76.05," the Ministry said on Telegram.
Russia is increasing duty on oil exports by $1.3 to $16.9 from August 1, the ministry added.
Previously, the G7
imposed a cap on prices to cut Russia's oil profits at $60 per barrel. However, on July 12, the market price of Urals oil
broke through the artificial limitation set by Western powers reaching $63.22 per barrel.
Furthermore, Russian oil production
remains steady despite Western sanctions, according to an International Energy Agency report published on July 13.
