Russian Oil Price Falls to Record Low of $34 Per Barrel
The price of Russia's flagship Urals oil has fallen to approximately $34 per barrel amid US sanctions against Moscow, Bloomberg reports.
Illustrative photo. Photo: Nasha Niva
On Friday, December 19, the price of Urals for deliveries via the Baltic Sea, according to Argus Media, fell to $34.82 per barrel, and via Black Sea ports to $33.17.
For comparison, fixed-delivery Brent crude, which serves as a benchmark for the global market, traded at around $61 per barrel.