US EditionRussia’s Crude Price Slips to Lowest Since Ukraine Invasion
Russian crude sells for just over $40 a barrel at key ports, a 28% decline in three months due to Western sanctions and falling global oil prices, Bloomberg reported.
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4 Articles
Russian Oil Prices Sink to Lowest Levels Since Full-Scale Invasion Amid Sanctions and Global Downturn
Russian crude oil prices have fallen to their lowest levels since the start of the full-scale invasion of Ukraine, as Western sanctions and a global decline in benchmarks drive deeper discounts, Bloomberg reported on December 16. According to data from Argus Media, Russian oil exporters are now receiving just over $40 a barrel for cargoes from the Baltic, Black Sea, and Kozmino ports, marking a 28% drop in the last three months. Every article p…
Russia’s Crude Price Slips to Lowest since Ukraine Invasion
The price of Russia’s crude has tumbled over the past three months to its lowest level since Russia invaded Ukraine in early 2022, weighed down by intensified U.S. sanctions and falling international benchmarks. Russian crude shipped out of all major export terminals on the Black Sea, Baltic Sea, and Far East port of Kozmino fetches just about $40 per barrel currently, per Argus Media data cited by Bloomberg on Tuesday. The discount of Russia’s …
Bloomberg news agency reported that sanctions against Moscow are having an impact and Russian oil prices fell to their lowest level since the outbreak of the Ukraine war.
Russian oil prices have fallen to their lowest level since the start of Russia's full-scale war against Ukraine, amid escalating Western sanctions and a decline in global oil prices, RBC-Ukraine reported, citing Bloomberg. According to the agency, growing sanctions pressure is making it difficult for Russia to sell and transport oil. Restrictions are also affecting refineries in key buyers of Russian crude, particularly India, forcing Russian ex…
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