The price of Russian Urals oil has fallen to its lowest level in a year following a new wave of U.S. sanctions that forced exporters to reconsider their supply logistics.
Source: Gazeta.UA
According to the channel “Important Stories,” the discount on Urals in the port of Primorsk once again exceeded $15 per barrel — a level last recorded earlier this year after restrictions were imposed against Gazprom Neft, Surgutneftegaz, and more than 180 tankers involved in transporting Russian oil.
At that time, the market needed about three weeks to stabilize. Experts predict that the situation will repeat itself: discounts will temporarily increase but will soon return to early autumn levels.
Meanwhile, Russia’s main oil buyers — India and China — are cutting their purchases. According to Bloomberg, the five largest Indian refineries have not placed any orders for December, even though in 2025 they accounted for nearly two-thirds of Russia’s oil exports.
In addition, Chinese state-owned companies, including Sinopec and PetroChina, have also declined to make new purchases, which could further increase pressure on Russia’s energy sector.
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