"How low can you go?" ๐ ๐คฃ
From t.me/Pravda_Geras...
๐ข The price of #Russian_Urals oil has fallen below $40 per barrel for the first time in five years
In December 2025, the average price of #Urals oil dropped to $39.18 per barrel. Compared to November, the key export grade fell by 13%,
They were scheduled to offload in early August. Both ships are under #EU and #UK sanctions.
Also idling off the #Indian coast are the #Destan (under sanctions) and the #Horae (not subject to restrictions). They are also carrying #Russian_Urals crude.
From t.me/pravdaGerash...
Tankers carrying #Russian oil are stuck off the coast of #India - four vessels have been unable to unload, according to #Bloomberg.
Near the city of #Jamnagar, the tankers #Achilles and #Elyte are anchored - each carrying 700,000 barrels of #Russian_Urals crude.
This is due to #Donald_Trump's tariffs and #Beijing's retaliatory tariffs , as the #US and #China are the largest oil consuming countries.
โ๏ธ A decrease in the prices of benchmark grades automatically entails a fall in the cost of other grades of oil, including #Russian_Urals and #ESPO.
For the first time in 21 months, the price of #Russian_Urals oil falls to $50 per barrel. The #Kremlin is nervous โ #Bloomberg
๐ข The price of #Russian_Urals crude oil fell to $52.76 per barrel, #Bloomberg reports. The last time it fell below $50 was in June 2023.
Crude oil prices are crucial for
One of the key importers of #Russian oil, the #Turkish oil holding #Tupras, has announced a temporary suspension of purchases of #Russian_Urals crude.
They received the final cargoes this month, and now, due to #US sanctions, they will no longer buy #Russian oil. Last year, they imported 225 000