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Russian oil in the Urals rose above $100 for the first time since 2014. The average price of Russian Urals oil reached $101.46 per barrel in October - the maximum in more than 10 years, according to data from the Ministry of Energy. Growth was ensured at the same time by the increase in prices in the world against the background of the crisis surrounding Iran and a sharp reduction in the discount of Ural to Brent. The difference between grades, which previously reached 20-30 dollars per barrel, has been reduced to a minimum due to the lack of stable supply in the world market. Another factor was logistics. Risks in the Persian Gulf raised insurance premiums and freight costs, while Russian supplies to Asia remained relatively stable. This increased the attractiveness of Ural for buyers. Russia now supplies about 30% of China's oil imports and about 45% of India's imports. A price above $100 can significantly increase revenues from the oil and gas budgets, but the final impact will depend on export volumes, the ruble exchange rate, tax deductions and payments to oil companies. According to the draft budget, oil and gas revenues in 2026 should amount to about 7.6 trillion ₽.

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Russian oil in the Urals rose above $100 for the first time since 2014. The average price of Russian Urals oil reached $101.46 per barrel in October - the maximum in more than 10 years, according to data from the Ministry of Energy. Growth was ensured at the same time by the increase in prices in the world against the background of the crisis surrounding Iran and a sharp reduction in the discount of Ural to Brent. The difference between grades, which previously reached 20-30 dollars per barrel, has been reduced to a minimum due to the lack of stable supply in the world market. Another factor was logistics. Risks in the Persian Gulf raised insurance premiums and freight costs, while Russian supplies to Asia remained relatively stable. This increased the attractiveness of Ural for buyers. Russia now supplies about 30% of China's oil imports and about 45% of India's imports. A price above $100 can significantly increase revenues from the oil and gas budgets, but the final impact will depend on export volumes, the ruble exchange rate, tax deductions and payments to oil companies. According to the draft budget, oil and gas revenues in 2026 should amount to about 7.6 trillion ₽.

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