The Urals oil grade, which is one of the critical ones for the aggressor country russia, fell to USD 52.76 per barrel. The last time it was below USD 50 was in June 2023.
Bloomberg reported this by on Monday, April 7.
The publication writes that it is the Urals grade that forms the largest oil export from russia. Pricing for this grade is critically important for the aggressor country's budget.
"According to Argus Media, the Urals grade, which is the country's largest export flow, fell to USD 52.76 per barrel on Friday in the Baltic Sea port of Primorsk. The last time it was below USD 50 was in June 2023," the material says.
According to russian government data, oil and gas revenues accounted for almost 30% of total revenues in January-February. In March, the russian Finance Ministry said it expected the average oil price in 2025 to be close to USD 60 per barrel instead of the USD 70 planned in the country's budget for the year. At the same time, in the first two months of this year, russia's state spending increased due to the war against Ukraine, and any decrease in the aggressor's income could put pressure on the budget, Bloomberg writes.
As the Ukrainian News agency earlier reported, on April 7, the press secretary of the russian dictator Dmitry Peskov said that russia considers the situation on the global oil and petroleum products market to be extremely turbulent.
US tariffs led to a sharp drop in the price of Brent oil.
Recall, on April 2, US President Donald Trump announced the introduction of "reciprocal tariffs" in response to the actions of other countries of the world.
Who we are: About us, Contacts. How we write news and our principles: Editorial code. We did our best. If you found this valuable – please support us.
To request a correction, please send an email.