MOSCOW (Pakistan Point News / Sputnik - 01st June, 2020) Urals crude blend, Russia's main export earner, averaged $31.03 per barrel in may, up 70 percent from April, but down almost 60 percent year-on-year, according to the Russian Finance Ministry.
"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 ministry's materials say.
In April, the average price of Urals fell almost by three-quarters year-on-year to $18.22 per barrel.
In January-May 2020, Urals averaged $39.2 per barrel, down from $66.34 per barrel in January-May last year.
