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Russian Urals Oil Average Price Amounts to $70.33 Per Barrel July 15-August 14

© Sputnik / Maxim BlinovOil Rig in the Bavlinsky District of the Republic of Tatarstan
Oil Rig in the Bavlinsky District of the Republic of Tatarstan - Sputnik International, 1920, 15.08.2023
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MOSCOW (Sputnik) - The average price of Russian oil brand Urals amounted to $70.33 per barrel over the period of July 15 - August 14, while the Brent benchmark was trading at $84.23 per barrel, bringing the Russian oil's discount to $13.9 per barrel, the Russian Finance Ministry said on Tuesday.
"The average price of Urals oil from July 15 to August 14, 2023, was $70.33 per barrel, or $513.4 per tonne. North Sea Dated oil price for this period amounted to $84.23," the ministry wrote on Telegram.
An oil pump jack operated by the Yamashneft Oil and Gas Production Division of Tatneft, are seen in Almetyevsk District of Russia's Republic of Tatarstan. - Sputnik International, 1920, 13.07.2023
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Why Russia's Urals Oil Price is Rising Despite G7 Cap and Decline in Demand?
Additionally, Russia is increasing duty on oil exports by $4.5 to $21.4 from September 1, the ministry noted.
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