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The average price of Russian Urals oil in May increased by 30% compared to April, but was 2.3 times less than the same period last year. It is reported Prime with reference to the materials of the Ministry of Finance of Russia.-
“The average price of Urals oil in May 2020 amounted to $ 31.03 per barrel, which is 2.3 times lower than in May 2019 ($ 70.93 per barrel),” the statement said.
The average price of Urals in April was 3.9 times lower than a year earlier, and amounted to 18.22 dollars per barrel.
The average price of Urals in January-May 2020 was $ 39.2 per barrel, a year earlier in the same period Russian oil was worth $ 66.34 per barrel on average.
As Rambler previously reported, Russian Finance Minister Anton Siluanov said that the Russian Ministry of Finance is going to cover the shortfall in non-oil and gas revenues to the budget in 2020-2021 by increasing loans.-
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