good high oil rate oil press in russia

                                               
                                               
                                               
                                               
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  • Why did Russian oil prices rise 11% in July?
  • MOSCOW, June 24 (Reuters) – Russian oil prices from the Volga river region for domestic market supply in July have reached a record high, rising by around 11% from the previous month thanks to stronger oil prices on global markets, Reuters monitoring showed on Thursday.
  • How much does Russian crude oil cost compared to Brent?
  • Before the war, Russian crude oil traded at a discount of just a few dollars per barrel relative to Brent. In recent months, official price reporting agency data has shown that Russian Urals crude oil has traded at a discount of as much as $25-$35 per barrel less than Brent.
  • What is a price cap on Russian oil?
  • To limit Kremlin profits while maintaining stable energy markets, our Coalition implemented a novel policy in 2022: a price cap on Russian oil. The policy permits service providers in Coalition countries to support the Russian oil trade only if the oil was sold at or below a specific cap.
  • Is Russian oil cheaper for Indian refiners?
  • Even with a narrower discount, Russian crude is still cheaper for Indian refiners than competing supplies from countries such as Saudi Arabia. Indian purchases of Russian oil reached a nine-month high in April, ship tracking data showed. India is the second largest importer of oil in the world after China.