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the Price of Russian oil Urals dropped to the lowest level since June 1999. As of Friday, March 27, the price was 16.2 per barrel, reports TASS.
it is Noted that oil from Russia lost in the price per barrel 5.51 USD. Discount on Urals has increased by $ 1.25 per barrel and amounted to 4.75 the dollar. The relevant data of the discount was maximum in the period from June 2008.
the Agency Argus Media said that the total shipment of Urals sea operated by Transneft, next month is expected to increase by 9.3%, to 2.97 million barrels a day.
it is Assumed that growth in supply may be associated with the start of maintenance works at the refineries of the Russian Federation, and also with the termination of the transaction OPEC+.
Despite this, experts argue that low oil prices can be set for a longer period in connection with the reduction of the volume of oil refining and decrease in demand for products of this industry.
Earlier it was reported that the price of WTI crude oil fell below $ 20 for the first time since 2002. So, the price of may futures for WTI crude oil fell by 8.52% and is around 19.98 USD. The price of the June gold futures on the mark Brent fell by 4.65%, to 26.6 per dollar.
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