The barrel price of Brent oil fell to 88 dollars

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From these transactions, it is understood that world oil prices have fallen by more than 3 percent and the barrel cost of Brent has fallen to 88 dollars for the first time since the beginning of September. RIA News.

As of 17.26 Moscow time, the price of the December Brent contract decreased by 3.11% to $88.08 per barrel. A few minutes ago, this figure reached $88 for the first time since September 1.

WTI futures for November delivery fell 3.03% to $86.53.

Before that, Deputy Prime Minister Alexander Novak said that Russian oil traded at market value, not at ceiling prices.

It was announced that a tax will be imposed on Russia’s oil exports on October 1 will increase It will increase by $2.5 to $23.9 per ton.

At the same time, the average price of Ural oil from August 15 to September 14 was 77.03 dollars per barrel, and the North Sea dated (Brent dated) quote was 88.61 dollars per barrel.

Recently, Saudi Arabia and Russia announced the extension of oil production cuts by 1 million and 300 thousand barrels per day, respectively, until the end of 2023. The world’s biggest publications are already registeredHe said that this measure allows both countries to benefit as average oil prices approach their highest levels in recent years. According to Bloomberg estimates, Russia alone can count on excess revenues of about $ 11 billion, while the Russian Federation is actively bypassing the ceiling price set by the G7 countries at $ 60 per barrel.

The USA had previously announced the oil price ceiling. Works “not the way I want it to be”.

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