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Russian oil prices fell under the sanctions ceiling

Russian oil prices fell under the sanctions ceiling

Image: AR (archive image)

The price for the Urals fell to 58-59 dollars per barrel with a ceiling of 60 dollars. Two reasons are given.

On Friday, November 17, prices for Russian Urals oil fell below the sanctions level of $60 per barrel established by the G7 countries, Reuters reports.

It was noted that this happened on the back of new US sanctions against ship owners and a drop in world oil prices.

The US Treasury Department said yesterday it had imposed sanctions on three United Arab Emirates-based companies and three vessels they owned that it said were involved in exporting Russian crude oil priced above $60 .

Overall, the estimated price for the Urals in FOB terms for delivery from the Baltic to India on November 17 fell to $58-59 per barrel.

“The prices for the Urals are very close to the price ceiling and in some cases lower, this is an obvious trend,” said the anonymous interlocutor of the agency.

Earlier, the media reported that the United States was examining 100 ships for violating oil sanctions against Russia.

The previous day, oil prices fell in global markets amid news of increased production and exports in the United States and Saudi Arabia.

Denmark to start inspecting ships carrying Russian oil – media

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Source: korrespondent

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