Russian oil selling below Western price cap – finance ministry ...News

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Russian oil selling below Western price cap – finance ministry
The average price for Urals blend over the last month was $50 per barrel, government sources tell media The average price for Russia's Urals oil blend was $46.82 per barrel, or $341.8 per ton, between December 15 and January 14, business daily RBK reported on Monday, citing the Russian finance ministry. That’s below the Group of Seven’s (G7's) $60 price cap on Russia's largest crude oil export. That's also almost half the price of international benchmark Brent crude, which was trading at above $85 a barrel on Monday. In December, the price of Russian oil reportedly dropped by a quarter compared to the previous mon

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