Urals Oil rose to 66.46 USD/Bbl on July 11, 2025, up 2.31% from the previous day. Over the past month, Urals Oil's price has risen 2.96%, but it is still 18.42% lower than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. This dataset includes a chart with historical data for Urals Crude.

In May 2025, the average monthly price of the Urals crude oil, Russia's major export oil brand, was approximately ***** U.S. dollars per barrel, having decreased from the previous month. In 2020, the price of the Urals experienced a considerable decrease at the beginning of the year due to the coronavirus (COVID-19) pandemic, dropping to as low as **** U.S. dollars per barrel in April. What is the purpose of the Russian oil price cap? In early December 2022, the G7 (Canada, France, Germany, Italy, Japan, United Kingdom (UK), and the United States), the European Union (EU), and Australia formed the Price Cap Coalition and imposed a price cap of 60 U.S. dollars per barrel on oil originating in Russia. The aim of the price ceiling is to decrease Russia’s earnings from oil exports and thereby limit the Russian government’s budget to finance the war in Ukraine. At the same time, the cap is meant to ensure that Russia continues to supply oil to emerging economies, though at a discounted price. With the cap in place, Russia cannot sell oil at a higher price even to third countries if the oil tankers are financed or insured by members of the Price Cap Coalition. In early February 2023, a price cap of 100 U.S. dollars per barrel was imposed on Russian refined oil products. Global dependence on Russian oil China was Russia’s leading crude oil export destination, with the value of exports measured at nearly **** billion U.S. dollars in 2021. In physical terms, Russia supplied around *** million metric tons of crude oil to China in 2024, being the leading crude oil import origin in the country ahead of Saudi Arabia. Furthermore, European countries were major consumers of Russian oil prior to the war in Ukraine. For instance, Russia accounted for over ** percent of oil and petroleum products imported into Slovakia in 2020. To compare, the dependence rate stood at nearly ** percent in Lithuania, ** percent in Germany, and ** percent in the UK.

The price of Urals crude oil was recorded at 16.77 U.S. dollars per barrel below the benchmark Brent on September 20, 2023 (based on a rolling average of the past five days). The difference increased after a price cap on Russian oil was announced on December 2, 2022, and took effect on December 5, 2022, but it has been decreasing since end-March 2023. At the end of February 2022 and throughout March 2022, the discount rose significantly, reflecting the market reaction to the Russia-Ukraine war. In August 2023, the average price of Urals oil reached 74.5 U.S. dollars per barrel.

Russian oil price cap In December 2022, members of the G7, together with the European Union (EU) and Australia, limited the price of one barrel of Russian oil to 60 U.S. dollars in response to the war in Ukraine. The cap was planned to be reviewed every two months to reflect future market developments. The Russian government stated it would not supply oil to the countries imposing a price ceiling on its oil. While the effect of the ban on global oil prices is yet to be seen, it is expected that the ban would benefit other oil producing countries, as the EU would have to replace Russian supplies with other routes. Germany and Poland were the leading importers of Russian oil in the EU in 2021.

EU ban on Russian oil imports
The EU ban on Russian seaborne crude oil imports, announced in June 2022, took effect on December 5, 2022. Furthermore, refined petroleum products will be included from February 5, 2023. Even though the EU prohibited imports of Russian oil and refined products, it still allowed their transport to non-EU countries as long as they are purchased for 60 U.S. dollars per barrel or lower. As a result of the ban, Russia's oil production was forecast to decline to 438 million metric tons in 2022, down 10 percent from the previous year.

Russia Average World Price: Crude Oil: Urals: per 1 Barrel data was reported at 91.200 USD/Barrel in Mar 2019. This records an increase from the previous number of 80.700 USD/Barrel for Feb 2019. Russia Average World Price: Crude Oil: Urals: per 1 Barrel data is updated monthly, averaging 58.745 USD/Barrel from Jun 2000 (Median) to Mar 2019, with 226 observations. The data reached an all-time high of 129.710 USD/Barrel in Jul 2008 and a record low of 18.200 USD/Barrel in Nov 2001. Russia Average World Price: Crude Oil: Urals: per 1 Barrel data remains active status in CEIC and is reported by Ministry of Finance of the Russian Federation. The data is categorized under Global Database’s Russian Federation – Table RU.PC002: Average World Prices, Crude Oil Export Price, Crude Oil Export Duty.

In 2024, the export price for one barrel of the Urals crude oil was expected to reach ** U.S. dollars. In the following year, the Russian government expected it to decrease slightly, and in 2027, it was projected to reach **** U.S. dollars per barrel. Urals is Russia's major export oil brand. Crude oil prices in Russia Different types of oil, such as light-weight, low-sulfur (light-sweet) grades and heavier, higher-sulfur (heavy-sour) crudes, can create differences in oil prices. Prices of a barrel of crude oil tend to fluctuate throughout the year due to factors like sulfur content, specific gravity, and location. In recent years, the price of Russian Urals crude oil reached a high of almost ** U.S. dollars per barrel in February 2022 and a low of **** U.S. dollars per barrel in April 2020. The Urals oil is used as a basis for Russian export oil mixture – a mix of heavy, high-oil from the Urals and Volga region and a light Siberian oil. The oil and gas industry account for a large majority of the country’s export income. Many global sources of crude oil are located in areas that are prone to political upheavals or have production disrupted by political events. Prices of major crude oil blends In comparison, the West Texas Intermediate crude oil price was estimated at **** U.S. dollars per barrel in 2024. Furthermore, Dubai Fateh oil prices have fluctuated in the past decade, having reached **** U.S. dollars per barrel in 2023. Prices of petroleum products fluctuate in parallel with crude oil prices but can also depend on seasonality, market factors, or refining outages. Petroleum products like gasoline, diesel, and petrochemical feedstocks are usually the most relevant to consumers.

Russia Average World Price: Crude Oil: Urals: per 1 Ton data was reported at 420.400 USD/Ton in Dec 2018. This records a decrease from the previous number of 473.000 USD/Ton for Nov 2018. Russia Average World Price: Crude Oil: Urals: per 1 Ton data is updated monthly, averaging 425.600 USD/Ton from Jun 2000 (Median) to Dec 2018, with 223 observations. The data reached an all-time high of 947.800 USD/Ton in Jul 2008 and a record low of 132.800 USD/Ton in Nov 2001. Russia Average World Price: Crude Oil: Urals: per 1 Ton data remains active status in CEIC and is reported by Ministry of Finance of the Russian Federation. The data is categorized under Global Database’s Russian Federation – Table RU.PC002: Average World Prices, Crude Oil Export Price, Crude Oil Export Duty.

Russia Average World Price: Crude Oil: Urals: per 1 Ton: Mid Month data was reported at 450.400 USD/Ton in Jan 2019. This records an increase from the previous number of 408.400 USD/Ton for Dec 2018. Russia Average World Price: Crude Oil: Urals: per 1 Ton: Mid Month data is updated monthly, averaging 445.900 USD/Ton from Apr 2013 (Median) to Jan 2019, with 70 observations. The data reached an all-time high of 827.900 USD/Ton in Sep 2013 and a record low of 207.200 USD/Ton in Feb 2016. Russia Average World Price: Crude Oil: Urals: per 1 Ton: Mid Month data remains active status in CEIC and is reported by Ministry of Economic Development of the Russian Federation. The data is categorized under Russia Premium Database’s Prices – Table RU.PC002: Average World Prices, Crude Oil Export Price, Crude Oil Export Duty. Since April 1, 2013 Ministry of Economic Development is the responsible federal organ for monitoring the world Urals prices fluctuations. They use daily prices (purchase and sale) for oil published by Argus Media Limited and calculate arithmetic average for all daily prices, rounded to the 5th decimal place. The monitoring period is from the 15th day of each calendar month to the 14th day of the following calendar month. С 1 апреля 2013 года Министерство экономического развития Российской Федерации уполномоченным федеральным органом исполнительной власти, осуществляющим мониторинг цен на нефть сырую марки 'Юралс' (купли-продажи) на мировых рынках нефтяного сырья (средиземноморском и роттердамском). Они используют дневные цены (купли-продажи) на нефть, опубликованные 'Аргус Медиа Лимитед', и вычисляют среднее арифметическое для всех суточных цен, округленное до пятого знака после запятой. Периодом мониторинга является период с 15-го числа каждого календарного месяца по 14-е число следующего календарного месяца.

Russia Avg Crude Oil World Price: Period End: Urals (Rdam) data was reported at 51.230 USD/Barrel in Dec 2018. This records a decrease from the previous number of 81.380 USD/Barrel for Sep 2018. Russia Avg Crude Oil World Price: Period End: Urals (Rdam) data is updated quarterly, averaging 67.950 USD/Barrel from Dec 2004 (Median) to Dec 2018, with 57 observations. The data reached an all-time high of 136.130 USD/Barrel in Jun 2008 and a record low of 32.300 USD/Barrel in Dec 2015. Russia Avg Crude Oil World Price: Period End: Urals (Rdam) data remains active status in CEIC and is reported by Central Dispatching Department of Fuel and Energy Complex. The data is categorized under Russia Premium Database’s Energy Sector – Table RU.RBL021: CDU TEK: Average Crude Oil World Price: by Type: Quarterly.

Russia Average World Price: Crude Oil: Urals: per 1 Barrel: Mid Month data was reported at 61.703 USD/Barrel in Jan 2019. This records an increase from the previous number of 55.945 USD/Barrel for Dec 2018. Russia Average World Price: Crude Oil: Urals: per 1 Barrel: Mid Month data is updated monthly, averaging 52.394 USD/Barrel from Feb 2016 (Median) to Jan 2019, with 36 observations. The data reached an all-time high of 81.063 USD/Barrel in Sep 2018 and a record low of 28.385 USD/Barrel in Feb 2016. Russia Average World Price: Crude Oil: Urals: per 1 Barrel: Mid Month data remains active status in CEIC and is reported by Ministry of Economic Development of the Russian Federation. The data is categorized under Russia Premium Database’s Prices – Table RU.PC002: Average World Prices, Crude Oil Export Price, Crude Oil Export Duty. Since April 1, 2013 Ministry of Economic Development is the responsible federal organ for monitoring the world Urals prices fluctuations. They use daily prices (purchase and sale) for oil published by Argus Media Limited and calculate arithmetic average for all daily prices, rounded to the 5th decimal place. The monitoring period is from the 15th day of each calendar month to the 14th day of the following calendar month. С 1 апреля 2013 года Министерство экономического развития Российской Федерации уполномоченным федеральным органом исполнительной власти, осуществляющим мониторинг цен на нефть сырую марки 'Юралс' (купли-продажи) на мировых рынках нефтяного сырья (средиземноморском и роттердамском). Они используют дневные цены (купли-продажи) на нефть, опубликованные 'Аргус Медиа Лимитед', и вычисляют среднее арифметическое для всех суточных цен, округленное до пятого знака после запятой. Периодом мониторинга является период с 15-го числа каждого календарного месяца по 14-е число следующего календарного месяца.

Russia exported crude oil for an average price of 569.7 U.S. dollars per metric ton in January 2022. The average price of the fossil fuel marked an increase from the previous month. A sharp decline occurred in the spring of 2020, impacted by the COVID-19 pandemic and the oil price conflict with Saudi Arabia. A similar trend was observed in the price of Urals, Russia's major crude oil export brand.

Russia Avg Crude Oil World Price: Period Avg: Urals (Med) data was reported at 67.520 USD/Barrel in Dec 2018. This records a decrease from the previous number of 74.440 USD/Barrel for Sep 2018. Russia Avg Crude Oil World Price: Period Avg: Urals (Med) data is updated quarterly, averaging 67.990 USD/Barrel from Dec 2004 (Median) to Dec 2018, with 57 observations. The data reached an all-time high of 117.420 USD/Barrel in Jun 2008 and a record low of 32.670 USD/Barrel in Mar 2016. Russia Avg Crude Oil World Price: Period Avg: Urals (Med) data remains active status in CEIC and is reported by Central Dispatching Department of Fuel and Energy Complex. The data is categorized under Russia Premium Database’s Energy Sector – Table RU.RBL021: CDU TEK: Average Crude Oil World Price: by Type: Quarterly.

俄罗斯 Average World Price: Crude Oil: Urals: per 1 Barrel在2019-03达91.200 USD/Barrel，相较于2019-02的80.700 USD/Barrel有所增长。俄罗斯 Average World Price: Crude Oil: Urals: per 1 Barrel数据按月度更新，2000-06至2019-03期间平均值为58.745 USD/Barrel，共226份观测结果。该数据的历史最高值出现于2008-07，达129.710 USD/Barrel，而历史最低值则出现于2001-11，为18.200 USD/Barrel。CEIC提供的俄罗斯 Average World Price: Crude Oil: Urals: per 1 Barrel数据处于定期更新的状态，数据来源于Ministry of Finance of the Russian Federation，数据归类于Global Database的俄罗斯联邦 – Table RU.PC002: Average World Prices, Crude Oil Export Price, Crude Oil Export Duty。

In May 2025, the inflation rate in Russia stood at **** percent compared to the same month in the previous year, showing an increase. The rate has been decreasing since March 2025. The highest rate during the observed period was recorded in April 2022, at **** percent. The term inflation means the devaluation of money caused by a permanent increase in the price level for products (consumer goods, investment goods). The Consumer Price Index (CPI) shows the price development for private expenses and shows the current level of inflation when increasing. Russia's economy, an outlook The Russian economy was expected to grow by *** percent in 2025 despite the Western sanctions over the war in Ukraine that began in February 2022. At the same time, consumer prices were projected to grow by around **** percent in 2025 relative to the previous year. In 2024, the inflation rate was estimated at **** percent. Prices in Russia Russia’s economy is highly dependent on and affected by the price of oil. The price of the Urals crude oil stood at approximately ***** U.S. dollars per barrel in April 2025, having demonstrated a decrease from the previous month. The highest producer price index (PPI) was recorded in the electricity and gas supply sector, with a price growth rate of over ** percent in September 2024.

Average World Price: Crude Oil: Urals: per 1 Barrel: Mid Month在2019-01达61.703 USD/Barrel，相较于2018-12的55.945 USD/Barrel有所增长。Average World Price: Crude Oil: Urals: per 1 Barrel: Mid Month数据按月度更新，2016-02至2019-01期间平均值为52.394 USD/Barrel，共36份观测结果。该数据的历史最高值出现于2018-09，达81.063 USD/Barrel，而历史最低值则出现于2016-02，为28.385 USD/Barrel。CEIC提供的Average World Price: Crude Oil: Urals: per 1 Barrel: Mid Month数据处于定期更新的状态，数据来源于Ministry of Economic Development of the Russian Federation，数据归类于Russia Premium Database的Prices – Table RU.PC002: Average World Prices, Crude Oil Export Price, Crude Oil Export Duty。

Average World Price: Crude Oil: Urals: per 1 Ton: Mid Month在2019-01达450.400 USD/Ton，相较于2018-12的408.400 USD/Ton有所增长。Average World Price: Crude Oil: Urals: per 1 Ton: Mid Month数据按月度更新，2013-04至2019-01期间平均值为445.900 USD/Ton，共70份观测结果。该数据的历史最高值出现于2013-09，达827.900 USD/Ton，而历史最低值则出现于2016-02，为207.200 USD/Ton。CEIC提供的Average World Price: Crude Oil: Urals: per 1 Ton: Mid Month数据处于定期更新的状态，数据来源于Ministry of Economic Development of the Russian Federation，数据归类于Russia Premium Database的Prices – Table RU.PC002: Average World Prices, Crude Oil Export Price, Crude Oil Export Duty。

Avg Crude Oil World Price: Period Avg: Urals (Rdam)在2018-12达67.080 USD/Barrel，相较于2018-09的74.090 USD/Barrel有所下降。Avg Crude Oil World Price: Period Avg: Urals (Rdam)数据按季度更新，2004-12至2018-12期间平均值为67.940 USD/Barrel，共57份观测结果。该数据的历史最高值出现于2008-06，达117.650 USD/Barrel，而历史最低值则出现于2016-03，为31.600 USD/Barrel。CEIC提供的Avg Crude Oil World Price: Period Avg: Urals (Rdam)数据处于定期更新的状态，数据来源于Central Dispatching Department of Fuel and Energy Complex，数据归类于Russia Premium Database的Energy Sector – Table RU.RBL021: CDU TEK: Average Crude Oil World Price: by Type: Quarterly。

俄罗斯 Average World Price: Crude Oil: Urals: per 1 Ton在2018-12达420.400 USD/Ton，相较于2018-11的473.000 USD/Ton有所下降。俄罗斯 Average World Price: Crude Oil: Urals: per 1 Ton数据按月度更新，2000-06至2018-12期间平均值为425.600 USD/Ton，共223份观测结果。该数据的历史最高值出现于2008-07，达947.800 USD/Ton，而历史最低值则出现于2001-11，为132.800 USD/Ton。CEIC提供的俄罗斯 Average World Price: Crude Oil: Urals: per 1 Ton数据处于定期更新的状态，数据来源于Ministry of Finance of the Russian Federation，数据归类于Global Database的俄罗斯联邦 – Table RU.PC002: Average World Prices, Crude Oil Export Price, Crude Oil Export Duty。

In December 2024, the inflation rate in Russia stood at around 9.5 percent compared to the same month in the previous year, showing an increase. The rate has been rising since October 2024. The highest rate during the observed period was recorded in April 2022, at 17.8 percent. The term inflation means the devaluation of money caused by a permanent increase in the price level for products (consumer goods, investment goods). The Consumer Price Index (CPI) shows the price development for private expenses and shows the current level of inflation when increasing. Russia's economy, an outlook The Russian economy was expected to grow by 1.6 percent in 2025 despite the Western sanctions over the war in Ukraine that began in February 2022. At the same time, consumer prices were projected to grow by around five percent in 2025 relative to the previous year. In 2024, the inflation rate was estimated at 7.9 percent. Prices in Russia Russia’s economy is highly dependent on and affected by the price of oil. The price of the Urals crude oil stood at approximately 62 U.S. dollars per barrel in December 2024, having demonstrated an increase from the previous month. The highest producer price index (PPI) was recorded in the electricity and gas supply sector, with a price growth rate of over 12 percent in September 2024.