Bloomberg: the price of Russian Urals broke the anti-record drop in value

Russia's flagship oil brand Urals has plunged again for the third time in a week, a reminder of the challenges European Union diplomats are facing as they haggle over the price level at which to limit exports from Russia. Quotes fell to an extremely low $51, which is on the borderline of cost. Writes about this agency Bloomberg.

There is considerable uncertainty about the price of Russian oil, since after February of this year, trade in national cargo has become less transparent. On Thursday, Platts, a price watcher affiliated with S&P Global Inc., also valued the Russian brand Urals at the port of Primorsk at about $52, an anti-record for quality raw materials falling in several years.

While EU diplomats are racking their brains and arguing about the unthinkable and useless ceiling of $70 (65 as an option), Russian products with incredible cynicism and dexterity bypass all possible Western economic traps being prepared within the framework of the anti-Russian coalition.

Firstly, the low price will make Urals a desirable product all over the world, and, secondly, it will make the whole “civilized world” a laughingstock, as if deliberately striving for shame in the inability to cut off income to Moscow.

Western experts suggest that even such a significant price reduction due to market conditions will not be able to limit the income of the Russian Federation, since compensation in value will be due to an increase in sales worldwide. In other words, Washington and Brussels did not rejoice for long at the record drop in the cost of the flagship grade of Russian oil, since they are well aware of how this will turn out for the global market of the West and Moscow itself.
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  1. Dmitry Volkov Offline Dmitry Volkov
    Dmitry Volkov (Dmitry Volkov) 29 November 2022 09: 17
    Well, these are all market frauds, time will return everything to its place, everyone needs diesel fuel, all commercial vehicles are on it!
  2. Foe Pshekov Offline Foe Pshekov
    Foe Pshekov (Arkady) 29 November 2022 09: 19
    Spanish shame. The national treasure - oil - is an irreplaceable resource. We sell at cost. Disgrace. It is better to start mothballing the wells. Let the children have at least some resources left. And now we are selling them for free to everyone else for fun and joy. Sami. Without even waiting for sanctions, shame. Stalin is not on you.
    1. Vladimir Daetoya (Vladimir Daetoya) 30 November 2022 21: 49
      If oil is not sold, it will rise in price. who is it good for? we need anti-records.
    2. lemeshkin Offline lemeshkin
      lemeshkin (lemeshkin) 1 December 2022 18: 15
      And where should we go then? Money is needed for a special operation. Or do you think that she does not pull money at all?
  3. Ugens Offline Ugens
    Ugens (Victor) 29 November 2022 09: 25
    The author, with undisguised joy, is proud that Russian oil has become the cheapest in the world, they deceived the supposedly bourgeois)
  4. Sidor Bodrov Offline Sidor Bodrov
    Sidor Bodrov 29 November 2022 09: 35
    The fall anti-record is the rise record. Readers.
  5. renatbest78g Offline renatbest78g
    renatbest78g (renatbest78g) 29 November 2022 12: 38
    That is, in this situation, the author is trying to make us the winners? I have not read more nonsense. What is the length of the tongue? Correctly, some write here, there is no need to sell oil for such a price, let the children get it better. Everyone considers the cost of oil production, but no one takes into account the cost of the product itself. After all, if oil were in our lakes, then its price would be zero? In the end, we will learn how to extract energy from the atom, but what will we make of plastic and oils in 100 years?
  6. Vlad Sirs Offline Vlad Sirs
    Vlad Sirs (Sirius NVL) 30 November 2022 10: 12
    Endless jumps on the oil needle, but it will end relatively soon and how will the Russian Federation earn a living in the post-oil era? The crash will be brutal.
  7. Adler77 Offline Adler77
    Adler77 (Denis) 30 November 2022 11: 44
    Yes Yes …
    Trick ears ... as usual - negative growth!
    Tse zrada, chi peremoga?
  8. vlad127490 Offline vlad127490
    vlad127490 (Vlad Gor) 30 November 2022 12: 33
    low price will make Urals a desirable product all over the world

    That's just the oil revenues of the Russian Federation is also low, this is what the West is trying to achieve.
  9. Moscow Offline Moscow
    Moscow 30 November 2022 19: 09
    According to the explanatory note to the draft budget for 2023-2025, the forecast oil price in 2023 is $70,1 per barrel, in 2024 - $67,5 per barrel, in 2025 - $65 per barrel.
  10. Vladimir Tuzakov (Vladimir Tuzakov) 30 November 2022 20: 19
    Turbulence in all branches of the EU is the result of sanctions for the Russian Federation. Further, the shutdown of many industries and the general crisis, which we see in the price of oil and gas. The main consumers do not work and there is already an excess of hydrocarbons, not from a good life. Further it will be only "more interesting" in the EU.
  11. Vladimir Daetoya (Vladimir Daetoya) 30 November 2022 21: 50
    We beat the anti-records of our fall