Bank Of Baku

Urals oil price drops by more than 18%

Urals oil price drops by more than 18%
# 05 August 2025 16:07 (UTC +04:00)

In July of this year, the average price for one barrel of Russia’s main export oil grade, Urals, amounted to 60.37 US dollars, which is 18.4% lower compared to the corresponding period in 2024, APA-Economics reports, citing Russia’s Ministry of Economic Development.

According to the data, in July 2024, the average price of Urals oil was 74.01 dollars.

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