Prices for Russia’s oil fall in the fifth week in succession, as a result of which the cost of supplies reaches a minimum.
Russian oil revenues remain on the edge of a two -minimum, despite exporting exports. Bloomberg reported this on Tuesday, May 13.
Four weeks before May 11, the cost of delivery costs approximately $ 4.09 billion – the second lowest figure since April 2023.
Prices for the main types, sent from the Baltic, Black and Pacific Coast, are constantly declining. In particular, the Urals in the Baltic region fell to 48.50 dollars per barrel, from the Black Sea – just below $ 49.20, and the various Pacific espo – up to $ 53.90. In India, the cost of delivered oil has reduced just above $ 60.
Although within a week the export of sea exports to 3.48 million barrels per day, the increase in volumes does not pay the drop of prices. The four -week average costs 3.42 million barrels per day – a March maximum. During this time, 32 tankers took 24.39 million barrels of raw oil from Russia.
In financial terms, weekly income from exports only increased by 2% – up to 1.23 billion dollars. The four -week average estimated income increased to $ 1.27 billion – it is still close to minimums over two years.
Asian countries remain the largest buyers, worth 3.1 million barrels per day. Exports in Turkey are also growing – up to 310 thousand barrels per day.
Remember that US president said Donald Trump is now a good moment to complete the war in Ukraine, as oil prices have fallen significantly. In his opinion, it enhances the pressure in Russia.
The Kremlin responded that oil prices could not affect Russia’s attitude to its national interest.
News from CORRESPONDENT.NET On the telegram and whatsapp. Subscribe to our channels https://t.me/KorresPondentNet and WhatsApp
Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.