Urals oil price reached $69 per barrel in 2021

The average price of Urals oil, the main Russian export commodity, increased 1.7 times last year against the level of 2020, amounting to $69 per barrel, according to the Russian Ministry of Finance, Report informs referring to Prime agency.

“The average price for Urals oil in January-December 2021 (average annual) was $69 per barrel, in 2020 - $41.73 per barrel,” the ministry said.

At the same time, the average price of Urals in December amounted to $72.71 per barrel, which is 1.5 times higher than in December 2020, when it was on average at $49.37 per barrel, the ministry added.