🚨 BREAKING NEWS:
For the first time in half a decade, Russian Urals crude has fallen below $40 per barrel.
📉 Current overview:
In December, the average price for Urals was $39.18, which represents:
• A decrease of 13% compared to November
• A drop of 41% from the beginning of the year
🔥 Why this occurrence:
Fresh U. S. sanctions against key Russian energy companies — Rosneft and Lukoil — have compelled Russian sellers to offer their oil at considerable discounts.
Urals is currently priced at a discount of $26–$28 when compared to Brent in the Black Sea and Baltic regions, bringing the effective realized rate near $31 per barrel, marking the lowest since the COVID crash in May 2020.
📊 Why this is significant:
• Prices are approximately $20 lower than what Russia projected in its 2026 financial plan
• Revenue is significantly declining
• There is increasing strain on governmental expenditures, aid, and national programs
• Moscow’s financial adaptability is diminishing even as geopolitical tensions are elevated
This price drop returns Russian oil to rates not witnessed since the early 2000s — presenting a considerable challenge for the economy and state finances.
🌍 Global markets are now attentively observing how Russia will respond to this abrupt decline in energy revenue.
👀 Today’s trending crypto list:
$DOLO |
$DASH |
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