The price of Russia’s flagship Urals crude grade averaged $47.85 per barrel in March, nearly two times lower than in March 2022, when it averaged $89.05 a barrel, the Russian Finance Ministry said on Monday. In the first three months of 2023, the price of Urals averaged $48.92 per barrel, down from $88.
95 a barrel in the same period of 2022, according to official Russian data. The price of Urals has plummeted below the G7 price cap of $60 per barrel since the group of the most industrialized nations and the EU announced their intention…Russian Urals Oil Price Averaged $47.85 A Barrel In March
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