The average price of Russian Urals oil blend fell to $62.99 per barrel in 2023 from $76.09 in 2022, Russia's finance ministry said on Tuesday, still remaining above the Western-imposed price cap of $60, APA-Economics reports citing Reuters.
The ministry also said the average price of Urals oil blend had risen to $64.23 per barrel as of December 2023 from $50.47 a year earlier.