Oil prices in Russian ports have fallen below the “price ceiling”
27.06.2025 - 12:20
The price of Urals oil in Russian ports has fallen below the “price ceiling” of $60/barrel set by Western countries.
Due to the weakening of the Brent oil exchange rate against the backdrop of the truce between Iran and Israel, the price of Urals oil has fallen below the “price ceiling”, enkorr reports.
Thus, on June 13, the price of Brent futures contracts began to rise sharply – then Israel began attacks on Iran. On June 19, quotes peaked at $78.85/barrel, but fell by $10 earlier this week after the ceasefire.
The price of Russian Urals oil on a FOB basis in Russian ports on the Baltic Sea (Primorsk and Ust-Luga) with shipment in June was about $55-$56/barrel as of June 25.
Last week, when oil prices rose, Urals in the ports of Primorsk, Ust-Luga and Novorossiysk was valued at $65-$66/barrel.
Earlier, USM reported that the EU would not lower the price ceiling for Russian oil without the support of the G7.
