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Russian Urals crude averaged $41.66 a barrel during the first three days of July. The price matches pre-conflict levels and removes the revenue increase Moscow recorded after shipping through the Strait of Hormuz resumed.
Data and trader reports indicate Russian Urals crude deliveries to Turkey fell in May to the lowest volume recorded in almost one and a half years. The decline follows earlier monthly figures that had already shown reduced flows.
Substrate placeholder — needs reviewPremiums for Russian Urals crude have declined to $2-4 per barrel above Brent for June delivery cargoes in Indian ports. The drop comes amid weak refining margins, according to sources. @DeItaone reported the development on Tuesday.
Substrate placeholder — needs reviewRussia's Urals crude oil price has climbed to $116 per barrel at the port of Primorsk, marking the highest level in over 13 years. This increase occurs as global oil prices rise due to the ongoing conflict involving Iran. The price exceeds Russia's planned budget figures by nearl…