The cost of Russian export-grade Ural oil in the port of Novorossiysk amounted to $ 59.98 per barrel, which is practically on par with the ceiling price set by Western countries at $ 60 per barrel. In this respect informs Bloomberg cites data from the Argus pricing agency.
These levels are not yet considered a violation and allow the use of oil transportation services by Western companies. However, the publication noted that the impact of price restrictions could be questioned if the Urals sell more.
According to the agency, this is due to the fact that the main quotes for the Brent brand are starting to rise and are already approaching $ 80 a barrel. In turn, the Urals are traded at a discount to it.
In addition, the price of Russian oil rose as Saudi Arabia announced that it would reduce fuel production. In addition, Russia promised to reduce oil production by 500,000 barrels per day in August.
June 26 Russian President Vladimir Putin elongated Until December 31, 2023, Moscow’s retaliatory measures to the price ceiling for Russian oil and oil products.
Previously reportedRussia has been stripped of a company that helps sell its oil to circumvent sanctions.