22.04.2020, 12:42
Price of Russian Urals Oil Fell Below $ 12 per Barrel
Source: OREANDA-NEWS
OREANDA-NEWS.Russian Urals oil in Northwest Europe fell $ 5.92 to $ 11.59 a barrel, Argus reported.The price is determined on the basis of cif delivery (Cost, Insurance and Freight, the final price includes the cost of freight to the port of destination and cargo insurance, which the seller assumes) in Rotterdam.
Cheaper than Russian oil was on April 1 - $ 10.54 per barrel, which became the lowest value since March 1999. On terms of delivery to the Mediterranean, Russian oil costs $ 12.09 per barrel, the price fell by $ 5.17. This has been the lowest since March 1999, when the price dropped to $ 11.74 per barrel.
On the morning of April 22, the price of Brent crude oil underwent strong fluctuations - it fell below $ 16 per barrel, returning to the 1999 values. In the XXI century, its minimum price during trading in London was fixed on November 19, 2001 - $ 16.65.
Cheaper than Russian oil was on April 1 - $ 10.54 per barrel, which became the lowest value since March 1999. On terms of delivery to the Mediterranean, Russian oil costs $ 12.09 per barrel, the price fell by $ 5.17. This has been the lowest since March 1999, when the price dropped to $ 11.74 per barrel.
On the morning of April 22, the price of Brent crude oil underwent strong fluctuations - it fell below $ 16 per barrel, returning to the 1999 values. In the XXI century, its minimum price during trading in London was fixed on November 19, 2001 - $ 16.65.
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