The average cost of the Urals oil exported by Russia in February decreased by 1.86 times compared to the same period of 2022. Information about this press service of the Ministry of Finance of Russia published on your Telegram channel.
“In February 2023, the average price of Ural oil was $49.56 per barrel, which is 1.86 times lower than in February 2022 ($92.15 per barrel),” the ministry said in a statement.
Compared with January 2023, the price of Russian raw materials rose 0.2% from $49.48 to $49.56 in February.
Earlier on March 1 by Reuters reportedThe price of the Urals delivered from the ports of the Baltic Sea rose to $ 55 per barrel at the beginning of March due to the increase in the number of people who want to transport Russian oil.
The day before, the Kommersant newspaper, citing sources Wrote It’s about the Russian oil industry reaching its February 2022 production level as this month’s average daily oil and condensate production increased by about 2% compared to January, to around 1,508 million tons per day.
Source: Gazeta
Ben Stock is a business analyst and writer for “Social Bites”. He offers insightful articles on the latest business news and developments, providing readers with a comprehensive understanding of the business world.