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Russian Urals Crude Averaged $51.5/bbl Jan-May

OIL

Russian Urals crude oil prices averaged $51.50/bbl in the January-May period, the Russian Finance Ministry said.

  • Last year, Urals crude prices averaged $83.48/bbl during the same period.
  • Russian Urals exports remain high. Crude exports, mostly Urals, from Russia’s western ports rose to 2.51mbpd in May, up from 2.42mbpd in April, Bloomberg ship-tracking data showed.

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