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Urals Price From Novorossiysk Up to Highest Since November

OIL

Urals crude at the port of Novorossiysk in the Black Sea was up to 57.70$/bbl on Friday, according to Argus data.

  • The level is the highest since November last year, before the G-7 implemented its 60$/bbl price cap on Russia’s crude exports.
  • Oil from Russia’s east has largely traded above the price cap since the introduction of the cap.


Source: Bloomberg

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