Russia’s Ural crude traded at $49.48 a barrel in January, with rising transportation costs compounding a discount that has caused the price of the country’s flagship crude to fall 42% year-on-year, according to figures from Russia Treasury Department, cited by Turkish Agency Anadolu.
Official figures released on Wednesday showed a sharp fall from $85.64 in January 2021 to this year’s price of under $49.5 a barrel. Agency Anadolu reported.
Although slightly different from the…
