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Price of Russian Urals oil returns to pre-crisis level

10:03, 03 December 2020
Price of Russian Urals oil returns to pre-crisis level Photo: Sergey Lantyukhov/NEWS.ru

The price of Russian Urals oil in Europe has returned to pre-crisis levels, exceeding $47 per barrel, Argus price agency reports.


The price of Urals in Europe this week exceeded $47 per barrel, the report said.

Urals oil prices recovered to the level of early March shortly before the collapse of the world oil market due to the coronavirus pandemic and the completion of the previous OPEC+ agreement.

NEWS.ru earlier reported that the Venezuelan authorities resumed oil supplies to China, which previously took place unofficially due to US sanctions.