The price of Russia's key export oil brand Urals exceeded $87 per barrel in Northwestern Europe on Tuesday for the first time since October 10, 2014, Diana Mukhametzyanova, the head of the oil export department at the Argus price-reporting agency, told Sputnik
MOSCOW (Pakistan Point News / Sputnik - 19th January, 2022) The price of Russia's key export oil brand Urals exceeded $87 per barrel in Northwestern Europe on Tuesday for the first time since October 10, 2014, Diana Mukhametzyanova, the head of the oil export department at the Argus price-reporting agency, told Sputnik.
"On January 18 (the price was) $87.52 in the North-West. The $87 threshold was last exceeded on October 10, 2014. It was $87.09," she said.
On Tuesday, the price of Brent crude rose above $87 per barrel for the first time since October 2014, totaling $87.5 per barrel. On Wednesday, it rose above $89 per barrel, according to trading data.
The absolute record of $140.78 per barrel for Urals oil in Northwestern Europe was recorded on July 3, 2008.
