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Urals Crude Averaged $49.56/bbl In Feb

OIL

The Urals export oil blend in February averaged $49.56/bbl, down from $92.15bbl in February last year, the Russian Ministry of Finance said.

  • Urals prices averaged $50.51/bbl from 15 Jan to 14 Feb.
  • In late February, the Russian government proposed to limit the discount of Urals to Brent at $34/bbl in April, $31/bbl in May and $28/bbl in June.

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