Average price of Russia's Urals in May up by 2.1 times

Average price of Russia's Urals in May up by 2.1 times

The average price of Urals oil in May 2021 increased 2.1 times in annual terms, up to $66.63 per barrel, according to the website of the Russian Ministry of Finance on Monday.

"The average price for Urals oil in May 2021 was $66.63 per barrel, which is 2.1 times higher than in May 2020 ($31.04 per barrel)," TASS cited the Finance Ministry as saying.

According to the ministry, the average price for Urals oil in January-May 2021 was $61.62 per barrel, in January-May 2020 - $39.2 per barrel.

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