Russian oil price fell below $50 in January – Russia

Moscow – According to official information from Moscow, the price of Russian oil fell further in January – to less than 50 US dollars per barrel (159 liters). “The average price of Urals oil in January 2023 was $49.48 per barrel,” Russia’s Finance Ministry said on Wednesday, according to the Interfax news agency. That corresponds to almost 60 percent of the price in the same month last year.