InternationalInternational Economics

How much is the price difference of Russian oil with the market?

According to the report of the International Economic Reporter of Fars News Agency, quoted by Tass, the Petromarket Institute announced that the results of a study show that between October 31 and November 4, the price of Russian Ural oil was on average 25-25.5 dollars lower than the price of Brent oil in the world market. have been.

This group stated in its report; The discount applied to the price of Russian Ural oil compared to Brent oil was between 25 and 25.5 dollars during the week ending on November 4.

Of course, this discount was 20 to 22.5 dollars for the previous month, which has increased by 3 to 5 dollars in about a month.

According to Fars report, since Russia has lost its traditional oil customers, including European countries, in the shadow of the military conflict with Ukraine, and some European countries and even the United States have embargoed Russian oil, Moscow is trying to offer discounts to new customers and to find the right price for his oil.

This good discount has caused India to increase oil imports from Russia several times despite all the pressures. Indians say that they are morally obliged to provide their people with oil, and in this way they import oil from any country they want.

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