13 Hrs
Source:
البلاد
Russian oil prices reach over $120
The article discusses the continued rise in Russian oil prices, with the Brent Espo blend surpassing $120 per barrel for the first time since April 2024. This increase is supported by China's heightened purchases amid supply disruptions in the Middle East, as well as U.S. legislation aimed at imposing tariffs on Russian oil to reduce Russia's funding of the war in Ukraine. The article also notes that the Urals crude price reached $110 amid these disruptions, with expectations of further price hikes and increased revenues for Russia, amidst escalating international events and their impact on the global oil market.
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