The price of Russian Urals crude has surged — Bloomberg
In April, the price of Russian Urals crude rose by 42% compared to March amid global energy tensions.
This was reported by Bloomberg.
In the first 13 days of April, the average price of Urals at Western ports reached $106.3 per barrel.
The increase is attributed to the war in the Middle East, which has limited energy supplies and boosted demand for Russian oil.
The current price significantly exceeds the figure set in the Russian Federation’s 2026 budget—about $59 per barrel.
This is expected to generate additional budget revenue, as tax revenues from oil are calculated with a delay.
If the trend continues, the price of Urals in rubles could reach its highest level since March 2022.
Oil prices have surged again and are approaching $100 per barrel. The reason is shipping disruptions through the Strait of Hormuz, despite the ceasefire with Iran. The market remains volatile following a sharp drop the day before.
Oil prices surged following reports of strikes on an Iranian oil terminal on Kharg Island. U.S. crude rose by more than 2%. The market is reacting to the risk of supply disruptions.
