Free Trial

Russian Urals Crude Falls Back Below Price Cap

OIL

Russian Urals crude has fallen back below the G7 price cap of $60/bbl for the first time since July, driven by weakness in global oil benchmark prices, according to Argus Media, cited by Bloomberg.

  • Urals from the Baltic Sea port of Primorsk fell to $56.15/bbl, while the same grade at Novorossiysk in the Black Sea slumped to $56.55/bbl, Argus Media data showed.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.