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Oil
News updates related to Urals Oil
Russian oil production is expected to fall to 8.8 million barrels per day in April 2026.
The latest report from the IEA shows a sharp decline in Russian crude oil production, but seaborne exports are showing impressive signs of recovery.
Market
Freight charges for Urals crude oil shipments to India have risen to $21 million per trip.
The cost of transporting Russian crude oil has seen a sharp increase as demand recovers, while also being impacted by the caution of international shipowners in the face of new sanctions.
Russia increases discounts on Urals crude oil, exports to China expected to reach a record 2.1 million barrels per day.
Russia is stepping up supplies of Urals crude oil to China at a discount of up to $15 per barrel to offset the sharp decline from the Indian market in March 2026.
Russia significantly increased its Urals crude oil exports to China, with a discount reaching $15 per barrel.
Russia expects to maintain its Urals oil export levels in March 2026 by increasing supplies to China, offsetting the decline in demand from the Indian market.
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