{"id":50245,"date":"2023-10-03T20:11:24","date_gmt":"2023-10-03T20:11:24","guid":{"rendered":"https:\/\/www.africa-press.net\/malawi\/all-news\/russian-urals-crude-trade-exceeds-eu-price-ceiling-at-83-per-barrel"},"modified":"2023-10-03T20:11:24","modified_gmt":"2023-10-03T20:11:24","slug":"russian-urals-crude-trade-exceeds-eu-price-ceiling-at-83-per-barrel","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/malawi\/all-news\/russian-urals-crude-trade-exceeds-eu-price-ceiling-at-83-per-barrel","title":{"rendered":"Russian Urals crude trade exceeds EU price ceiling at $83 per barrel"},"content":{"rendered":"


\nWriting by Basak Erkalan<\/b><\/p>\n

Africa-Press – Malawi. <\/strong><\/span>The price of Russia’s flagship crude, Urals, exceeded the EU’s ceiling price of $60 per barrel and traded at over $80 per barrel, official figures showed on Monday.<\/p>\n

According to a finance ministry statement, Russian Urals crude traded at around $83 per barrel in September, relative to $64.37 per barrel in August.<\/p>\n

Over the same period, Brent crude traded at $93.90 per barrel.<\/p>\n

The EU and G7 countries agreed to set a cap price of $60 per barrel for oil delivered by sea from Russia in December.<\/p>\n

On Feb. 5, a similar ban was imposed on refined petroleum products, with a price cap of $60 per barrel.<\/p>\n

Russia, however, announced that it would stop shipping oil to countries imposing a price cap and instead direct its exports to Asian markets, particularly China and India, at huge discounts.<\/p>\n

Last week, in another retaliatory move, the Russian government announced plans to limit the export of gasoline and diesel fuel until fuel supplies and prices stabilize on the domestic market.<\/p>\n

Reporting from Emre Gurkan Abay in Moscow<\/p>\n

For More News And Analysis About Malawi<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Writing by Basak Erkalan Africa-Press – Malawi. The price of Russia’s flagship crude, Urals, exceeded the EU’s ceiling price of $60 per barrel and traded at over $80 per barrel, official figures showed on Monday. According to a finance ministry statement, Russian Urals crude traded at around $83 per barrel in September, relative to $64.37 […]<\/p>\n","protected":false},"author":84,"featured_media":50244,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[233,371,7057,7059,57,234,7058],"class_list":["post-50245","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-malawi","tag-barrel","tag-crude-oil-price","tag-eu","tag-malawi","tag-russian-urals-crude-oil"],"yoast_head":"\nRussian Urals crude trade exceeds EU price ceiling at $83 per barrel - Malawi<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/malawi\/all-news\/russian-urals-crude-trade-exceeds-eu-price-ceiling-at-83-per-barrel\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Russian Urals crude trade exceeds EU price ceiling at $83 per barrel\" \/>\n<meta property=\"og:description\" content=\"Writing by Basak Erkalan Africa-Press – Malawi. The price of Russia’s flagship crude, Urals, exceeded the EU’s ceiling price of $60 per barrel and traded at over $80 per barrel, official figures showed on Monday. 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