Russian crude oil falls to $10.54 per barrel, lowest since 1999April 2, 2020 - 17:30 AMT PanARMENIAN.Net - The price for Urals oil blend for delivery to North-Western Europe fell on Wednesday to its lowest in more than two decades, the Argus agency, which tracks regional prices, reported on Thursday, April 2. The Urals price has fallen by $2.46 from Monday to $10.54 per barrel (CIF Rotterdam), the lowest since March 1999, the agency said. The average price of Urals oil from Western Siberia in the markets of North-Western Europe and the Mediterranean is now lower than companies' costs, which include production, transportation and export duties, Argus analysts said, according to Sputnik. Meanwhile, Brent and WTI oil futures rebounded on Thursday by about 10 percent as of 9:44 GMT, after US President Donald Trump said that Russia and Saudi Arabia would soon agree on market-regulating measures, the agency noted. The Russian budget for 2020 is balanced at $42.4 per barrel of Urals crude. Top stories Authorities said a total of 192 Azerbaijani troops were killed and 511 were wounded during Azerbaijan’s offensive. In 2023, the Azerbaijani government will increase the country’s defense budget by more than 1.1 billion manats ($650 million). The bill, published on Monday, is designed to "eliminate the shortcomings of an unreasonably broad interpretation of the key concept of "compatriot". The earthquake caused a temporary blackout, damaged many buildings and closed a number of rural roads. Partner news | Armenian, Saudi Foreign Minister meet in Riyadh The two commended the positive dynamics of the development of political dialogue between Armenia and Saudi Arabia Pashinyan: Azerbaijan’s proximity shouldn’t worry border residents At the same time, he said that he “does not guarantee [the security of villagers] one hundred percent”. U.S. doesn’t see Russia as contributing to peace in Caucasus Patel made the remarks when asked about the implications of Russia’s withdrawal of peacekeepers from Karabakh. Up to 1% cashback when shopping on Wildberries with IDBank cards IDBank is launching an exclusive campaign on Wildberries for online shopping enthusiasts. |