The price of Urals oil is growing against the backdrop of the fact that the general conjuncture on the world market is favorable for this, including due to the fear of Russia imposing a ban on the export of crude oil, but this is unlikely. This was stated to Izvestia by Denis Domaschenko, associate professor of the Russian University of Economics. G.V. Plekhanov, Thursday, January 20.
Earlier in the day, Argus, an international pricing agency, reported that the cost of Urals exceeded $90 per barrel for the first time since October 2, 2014.
The Russian grade of oil overcame seven-year highs at the end of last week, when in the Mediterranean (CIF Augusta) it first rose in price above $86 per barrel, and on January 19 its price in this region reached a maximum of $91 per barrel.
However, in Europe, the cost of Urals at the close of trading reached $89.6 per barrel.
“However, the market is such that things can quickly change in the opposite direction. Especially with the weakening of geopolitical risks regarding the relationship between the Russian Federation and NATO,” Domaschenko said.
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