OREANDA-NEWS  In the first week of September, the cost of the main Russian export grade of Urals oil in the ports of the Baltic and Black Seas exceeded $ 80 per barrel, which was last observed in early summer. Kommersant writes about this.

The current rise is associated with another escalation of the situation in the Middle East, which is causing a shortage of raw materials in the world. We are talking about both Iran's threats and the outbreak of hostilities between the Yemeni Houthis and Saudi Arabia.

On average, a barrel of Urals rose in price by $ 8.8 compared to the August shipments. Andrey Polishchuk, senior analyst at Euler, noted that if Middle Eastern supplies continue to decline and China increases oil imports, the Urals price will continue to rise both due to higher world prices and through a reduction in the discount.

However, Dmitry Scriabin, portfolio manager at Alfa Capital Management Company, recalled the difference between spot and long-term contracts. A barrel of $80 is sold on the spot market, reflecting the shortage of raw materials right now, but planned supplies may still be priced in the range of $ 65-75.

Igor Yushkov, an expert at the Financial University, estimated the costs of Russian oil exporters at $20-25 per barrel. They include increased insurance due to military and geopolitical risks and the cost of delivery to the buyer.

Earlier, the Ministry of Economic Development reported that in August, the average cost of Urals calculated for tax purposes (exceeds the real price) was $67.11 per barrel. That's eight dollars more than in July.