In April, average price of Urals oil fell by 20.8%

In April, average price of Urals oil fell by 20.8%
# 04 May 2022 15:31 (UTC +04:00)

The average price of oil of the Russian brand Urals in April decreased by 20.8% compared to the previous month and amounted to $70.52 per barrel. At the same time, oil has risen in price by 1.1 times compared to the same period last year, APA-Economics reports citing message Ministry of Finance of Russia.

In March, the Urals brand cost an average of $89.05 per barrel.

At the moment, the market price of Russian Urals oil at the auction is $79. According to experts, the demand for Urals may decrease by the summer due to the reluctance of the largest traders to buy Russian oil after the entry into force of EU sanctions against Rosneft and Gazprom Neft from May 15.

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