  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 Across a swathe of southern Turkey, people sought temporary shelter and food in freezing winter weather. The earthquake caused a temporary blackout, damaged many buildings and closed a number of rural roads. The Prosecutor’s Office has released surveillance footage and said that one of the detainees in the case, Iveri Melashvili. Destinations welcomed 900m fewer international tourists in January–October when compared with the same period of 2019.   Partner news |  Latest news Armenia: Deeply saddened by tragic train accident in Balasore  The Armenian Foreign Ministry has expressed condolences over the major rail accident involving two express trains.15 schoolkids face Gabriel Sargissian in open-air simultaneous display On June 1, Byblos Bank Armenia held a unique event for kids and school students to celebrate Children's Day.Karabakh denies Azerbaijan’s ceasefire accusations The Defense Army of Nagorno Karabakh has denied firing on Azerbaijani positions across the line of contact.Top Armenian, U.S. defense officials talk security, cooperation Suren Papikyan had a telephone conversation with Dr. Colin Kahl, U.S. Deputy Secretary of Defense for Policy Affairs. |
