The price of Urals crude is planned to be fixed at $15 per-barrel below Brent next year The Russian government plans to continue reducing the discount of Russia’s flagship Urals blend of crude oil to the Brent benchmark, RBK business daily reported on Monday, citing a draft of the federal budget for 2024-26. According to the report, the discount is expected to gradually decrease from the current $20 per barrel to $6 in 2026. Next year, the discount will stand at $15 per barrel and in 2025 it is expected to be $10. Moscow has changed the way it assesses crude prices for tax purposes after the imposition of the EU’s
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