Discount on Russian oil is reduced. This was stated by Deputy Prime Minister Alexander Novak.
“Yes, the discount has decreased somewhat. Compared to mid-January, it has already decreased by an average of $ 8, ” Alexander Novak said, Prime reports.
The Deputy Prime Minister suggested that the discount for Russian oil to the benchmark Brent will continue to decline.
“Yes. I spoke about this earlier that with the normalization and stabilization of the situation, the establishment of logistics chains, transport supplies, the discount will decrease,” — said Alexander Novak. He added that it is difficult to predict a discount, as it is determined by the market.
According to the Russian Ministry of Finance, in January the average export price of Urals was $49.48 per barrel, while the cost of Brent exceeded $80.
Earlier, the Deputy Prime Minister said that Russia maintains its position on the complete rejection of illegal restrictive measures and voluntarily announced a production limit of 500,000 barrels per day from March to June.
