Urals crude, Russia's flagship oil blend, has edged lower to $67.61 a barrel, down around 20% from its peak in the spring of this year. Russia is also selling less oil than it did in the prior ...
In September, a drop in global oil prices pushed Brent crude to its lowest level since late 2021, which also reduced the value of Russian Urals crude and hurt oil company revenues. At the start of the ...
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This condition is currently met over the first five months of 2024. This is the budgetary crest line the Russian government will have to walk in 2024: Russia needs a high Urals barrel (above the ...
Russia’s flagship Urals crude has dropped back below the $60-a-barrel price cap imposed by the Group of Seven nations and its allies to punish Moscow for its war in Ukraine. Following a recent ...
Also today, consultancy firm IKAR, cut its forecast for Russia's wheat crop to 82.2 Mt from 83.8 Mt on adverse weather in Volga, Urals, and Siberia. The USDA WASDE report due out on Thursday will be a ...
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(Bloomberg) -- Plunging oil prices helped drive Russia's revenues from crude sales to the lowest since February, highlighting the challenges Moscow faces from a weakening global market. Most Read ...