Economy

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

13:50 GMT, 15 August 2023
© Sputnik / Maxim Blinov
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.
Sputnik
"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.
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Additionally, Russia is increasing duty on oil exports by $4.5 to $21.4 from September 1, the ministry noted.
Economy2022 Russian oil price capRussian Finance MinistryRussian Economy Under SanctionsRussiaUralsBrent
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