High global demand sends Russian Urals crude oil price soaring ...News

Russia Today - Economy
High global demand sends Russian Urals crude oil price soaring
source : Russia Today ( News ) () 22
Russia’s Ministry of Finance said on Wednesday that the average price for domestic Urals oil benchmark stood at $62.50 per barrel in April, which is a 340% increase in annual terms. According to the ministry, in the first four months of the year the average price for the Russian export oil brand was $60.47 per barrel, compared with the average price of $41.04 per barrel during the same period of 2020. Experts say that the price rise was primarily due to the recovery of global demand for fuel and the fulfillment of the terms of the OPEC+ deal.  Also on rt.com Oil prices rall

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