Baku 4° C
Average price of Urals oil in January fell by 12%
Energy
- 02 February, 2021
- 06:42
The average price of a barrel of Urals oil in January this year was $54.41, Report informs referring to Interfax.
For the same period last year, the price was $61.67 per barrel, an 11.70 percent drop year-on-year, according to the Russian Ministry of Finance.
According to Enkorr, the average price of a barrel of Urals oil in 2020 compared to 2019 decreased by 34 percent and amounted to $41.73. In 2019, a barrel of this oil traded at $63.59.
At the end of 2020, the price of Brent crude oil, pegged to Russian export oil price, fell by about 20 percent.
Author
Latest News
21:26
Photo
Azerbaijani Defense Industry Minister holds meetings at World Defense Show 2026 in Riyadh
Domestic policy21:24
President: I hope that the project to lay a fiber-optic cable in the Caspian Sea will be completed this year
ICT21:19
Ilham Aliyev: Students of secondary schools should be provided with basic knowledge in digitalization
Domestic policy21:14
Ilham Aliyev: Azerbaijan is working in strategic partnership format with world's leading powerhouses
Foreign policy21:10
Ilham Aliyev: Each state agency should designate a deputy for digitalization, AI, and cybersecurity
Domestic policy21:06
Ilham Aliyev: Over past 20 years, Azerbaijan's generation capacity has almost doubled
Domestic policy21:03
Ilham Aliyev: Over past 20 years, more than $350B have been invested in Azerbaijani economy
Domestic policy20:59
Photo
President Ilham Aliyev chaired meeting dedicated to the unified action plan on "Azerbaijan's New Digital Architecture"
Domestic policy20:53