The cost of exporting Russia’s oil reaches a two -a minimum

The collapse of oil prices has led to the fact that the cost of exporting Russian raw oil has dropped to the lowest level in the last two years. It was written by Bloomberg on Wednesday, May 7.

The total cost of supplies within four weeks – to May 4 – costs about $ 4.96 billion; It was $ 220 million, or 4%, less than for the same period until April 27th.

It has been noted that this autumn, which led to the lowest cost of exporting from April 2023, was a result of a decrease in the market price market price – below $ 50 per barrel.

Against the background of the collapse of world prices, the oil flows from all Russian ports four weeks before May 4 has not changed and costs 3.29 million barrels per day.

Only 30 tankers load 22.38 million Russian oil barrels in one week to May 4. This volume has been reduced compared to last week – from 23.72 million barrels to 32 tankers.

Export prices for the Russian Urals brand from the Baltic stamp fell by approximately $ 4.50 per barrel to an average level of more than $ 49 per barrel, while prices of goods uploaded to the black sea decreased nearly $ 4.30 per barrel -below $ 50.

Remember that last month the oil price has fallen for more than three years. In general, in April, Brent lost 15%in price, and WTI – 17%.