  Russian crude oil falls to $10.54 per barrel, lowest since 1999 April 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 Azerbaijani authorities report that they have already resettled 3,000 people in the Nagorno-Karabakh town of Stepanakert. On June 10, Azerbaijani President of Azerbaijan Ilham Aliyev will leave for Turkey on a working visit. Azerbaijani President Ilham Aliyev arrived in Moscow on April 22 to hold talks with Russian counterpart Vladimir Putin. Authorities said a total of 192 Azerbaijani troops were killed and 511 were wounded during Azerbaijan’s offensive.   Partner news |  Latest news Viva sees growing demand for cloud services  In recent years, medical institutions are starting to make use of Viva’s cloud servicesArmenian, German presidents meet in Berlin Armenian and German Presidents Vahagn Khachaturyan and Frank-Walter Steinmeier met in Berlin.Armenia assumes presidency of Mediterranean Network of Regulatory Authorities The Commission on Television and Radio of Armenia said it expects productive cooperation in various formats.Balance of attached cards in the Idram&IDBank app From now on, users will be able to view the online balances of cards issued by ArCa system banks and attached to the app. |
