Urals-Brent spread 2023| ��ƽ��

Difference between Urals and and Brent oil price from December 31, 2021 to September 20, 2023 (in U.S. dollars per barrel)

Characteristic	Price difference in U.S. dollars per barrel
9/20/2023	16.77
9/19/2023	16.91
9/18/2023	17.03
9/15/2023	17.12
9/14/2023	17.03
9/13/2023	16.83
9/12/2023	16.96
9/11/2023	16.87
9/8/2023	16.86
9/7/2023	17.05
9/6/2023	17.18
9/5/2023	17.22
9/4/2023	17.46
9/1/2023	17.5
8/31/2023	17.41
8/30/2023	17.42
8/29/2023	17.27
8/28/2023	17.12
8/25/2023	16.92
8/24/2023	16.93
8/23/2023	16.56
8/22/2023	16.08
8/21/2023	15.87
8/18/2023	15.77
8/17/2023	15.44
8/16/2023	15.42
8/15/2023	15.83
8/14/2023	16.11
8/11/2023	16.17
08/10/23	16.28
08/09/23	16.5
08/08/23	16.38
08/07/23	16.16
08/04/23	16.15
08/03/23	16.26
08/02/23	16.23
08/01/23	16.08
07/31/23	16.19
07/28/23	16.21
07/27/23	16.16
07/26/23	16.18
07/25/23	16.14
07/24/23	16.4
07/21/23	16.63
07/20/23	16.84
07/19/23	17.32
07/18/23	16.58
07/17/23	16.65
07/14/23	16.65
07/13/23	16.5
07/12/23	16.61
07/11/23	17.97
07/10/23	17.92
07/07/23	17.85
07/06/23	18.06
07/05/23	17.96
07/04/23	17.99
07/03/23	17.93
06/30/23	18.38
06/29/23	18.61
06/28/23	18.64
06/27/23	18.82
06/26/23	19.24
06/23/23	19.22
06/22/23	19.36
06/21/23	19.55
06/20/23	19.56
06/19/23	19.58
06/16/23	19.77
06/15/23	19.52
06/14/23	19.49
06/13/23	19.59
06/12/23	19.57
06/09/23	19.44
06/08/23	19.76
06/07/23	19.76
06/06/23	19.99
06/05/23	19.88
06/02/23	20
06/01/23	19.94
05/31/23	20.17
05/30/23	20.06
05/29/23	20.15
05/26/23	20.16
05/25/23	20.14
05/24/23	19.96
05/23/23	20.08
05/22/23	20.12
05/19/23	20.13
05/18/23	20.04
05/17/23	20.14
05/16/23	19.88
05/15/23	20.33
05/12/23	20.34
05/11/23	20.49
05/10/23	20.4
05/09/23	20.56
05/08/23	20.02
05/05/23	20.05
05/04/23	20.03
05/03/23	20.3
05/02/23	19.9
05/01/23	20.18
04/28/23	20.42
04/27/23	20.59
04/26/23	20.5
04/25/23	20.91
04/24/23	20.87
04/21/23	20.78
04/20/23	20.75
04/19/23	20.61
04/18/23	20.78
04/17/23	20.96
04/14/23	21.03
04/13/23	21.1
04/12/23	21.3
04/11/23	21.34
04/10/23	21.5
04/07/23	21.69
04/06/23	21.78
04/05/23	21.93
04/04/23	21.9
04/03/23	21.84
03/31/23	22.96
03/30/23	23.96
03/29/23	24.49
03/28/23	25.51
03/27/23	26.4
03/20/23	26.14
03/17/23	25.69
03/16/23	25.88
03/15/23	25.52
03/14/23	25.05
03/13/23	25.29
03/10/23	25.59
03/09/23	25.68
03/08/23	25.97
03/07/23	26.12
03/06/23	26.27
03/03/23	27.63
03/02/23	28.57
03/01/23	29.9
02/28/23	30.81
02/27/23	32.02
02/24/23	32.17
02/23/23	32.07
02/22/23	31.92
02/21/23	32.25
02/20/23	32.32
02/17/23	32.21
02/16/23	32.21
02/15/23	32.35
02/14/23	32.3
02/10/23	32.58
02/09/23	32.22
02/08/23	32.14
02/07/23	31.66
02/06/23	31.58
02/03/23	31.47
02/02/23	31.8
02/01/23	31.77
01/31/23	32.03
01/30/23	31.85
01/27/23	31.64
01/26/23	31.8
01/25/23	31.95
01/24/23	31.58
01/23/23	31.79
01/20/23	31.95
01/19/23	31.86
01/18/23	31.68
01/17/23	32.25
01/16/23	32.21
01/13/23	31.81
01/12/23	31.12
01/11/23	30.67
01/10/23	30.09
01/09/23	29.39
01/06/23	29.15
01/05/23	29.69
01/04/23	29.85
01/03/23	30.07
01/02/23	30.39
12/30/22	30.71
12/29/22	30.49
12/28/22	30.21
12/27/22	30.19
12/26/22	30.26
12/23/22	30.14
12/22/22	30.13
12/21/22	30.38
12/20/22	30.22
12/19/22	29.75
12/16/22	29.43
12/15/22	28.89
12/14/22	28.54
12/13/22	27.97
12/12/22	27.81
12/09/22	27.45
12/08/22	27.45
12/07/22	26.16
12/06/22	25.53
12/05/22	24.76
12/02/22	24.3
12/01/22	23.21
11/30/22	23.53
11/29/22	23.5
11/28/22	23.31
11/25/22	24.17
11/24/22	24.48
11/23/22	24.39
11/22/22	24.51
11/21/22	24.73
11/18/22	23.46
11/17/22	23.41
11/16/22	23.5
11/15/22	23.05
11/14/22	22.54
11/11/22	22.56
11/10/22	22.74
11/09/22	22.64
11/08/22	22.73
11/07/22	23.11
11/04/22	23.62
11/03/22	23.48
11/02/22	23.57
11/01/22	23.76
10/31/22	23.81
10/28/22	23.61
10/27/22	23.7
10/26/22	23.49
10/25/22	23.82
10/24/22	24
10/21/22	23.97
10/20/22	23.68
10/19/22	24.06
10/18/22	23.69
10/17/22	23.51
10/14/22	23.34
10/13/22	23.55
10/12/22	23.45
10/11/22	23.45
10/10/22	23.4
10/07/22	23.69
10/06/22	23.63
10/05/22	23.56
10/04/22	23.78
10/03/22	23.82
09/30/22	23.38
09/29/22	23.26
09/28/22	23.22
09/27/22	23.06
09/26/22	23.13
09/23/22	23.28
09/22/22	23.22
09/21/22	23.32
09/20/22	23.19
09/19/22	23.21
09/16/22	23.3
09/15/22	23.72
09/14/22	23.71
09/13/22	23.5
09/12/22	23.36
09/09/22	23.39
09/08/22	22.91
09/07/22	22.82
09/06/22	23.09
09/05/22	23.01
09/02/22	23.43
09/01/22	24.05
08/31/22	23.78
08/30/22	24.11
08/29/22	24.39
08/26/22	24.36
08/25/22	23.96
08/24/22	24.36
08/23/22	24.21
08/22/22	25.71
08/19/22	27.4
08/18/22	29.27
08/17/22	31.15
08/16/22	33.16
08/15/22	33.1
08/12/22	32.89
08/11/22	32.68
08/10/22	32.57
08/09/22	31.82
08/08/22	32.04
08/05/22	32.15
08/04/22	32.26
08/03/22	32.11
08/02/22	32.45
08/01/22	32.2
07/29/22	32.18
07/28/22	31.84
07/27/22	31.89
07/26/22	32
07/25/22	32.55
07/22/22	32.51
07/21/22	32.79
07/20/22	33.54
07/19/22	33.48
07/18/22	32.9
07/15/22	32.99
07/14/22	33.13
07/13/22	32.29
07/12/22	32.24
07/11/22	32.49
07/08/22	32.33
07/07/22	32.45
07/06/22	32.59
07/05/22	32.21
07/04/22	32.38
07/01/22	32.87
06/30/22	33.04
06/29/22	33.31
06/28/22	34.35
06/27/22	34.62
06/24/22	34.67
06/23/22	34.62
06/22/22	35.25
06/21/22	34.65
06/20/22	33.93
06/17/22	34.15
06/16/22	34.51
06/15/22	33.67
06/14/22	34.61
06/13/22	35.43
06/10/22	35.16
06/09/22	35.02
06/08/22	34.54
06/07/22	34.08
06/06/22	33.7
06/03/22	33.93
06/02/22	34.23
06/01/22	34.88
05/31/22	35.2
05/30/22	35.49
05/27/22	35.25
05/26/22	35
05/25/22	35.38
05/24/22	35.21
05/23/22	34.65
05/20/22	35
05/19/22	35.12
05/18/22	34.6
05/17/22	34.71
05/16/22	34.95
05/13/22	34.53
05/12/22	34.2
05/11/22	34.24
05/10/22	34.56
05/09/22	34.67
05/06/22	34.75
05/05/22	34.91
05/04/22	35.21
05/03/22	35.07
05/02/22	35.46
04/29/22	35.94
04/28/22	35.9
04/27/22	35.72
04/26/22	35.49
04/25/22	35.29
04/22/22	35.55
04/21/22	36.34
04/20/22	37.04
04/19/22	37.47
04/18/22	37.35
04/15/22	36.49
04/14/22	36.03
04/13/22	35.5
04/12/22	34.47
04/11/22	34.52
04/08/22	34.53
04/07/22	33.31
04/06/22	32.18
04/05/22	32.06
04/04/22	31.52
04/01/22	30.69
03/31/22	30.8
03/30/22	30.74
03/29/22	30.86
03/28/22	30.89
03/25/22	31.19
03/24/22	31.16
03/23/22	31.25
03/22/22	30.63
03/21/22	29.8
03/18/22	29.47
03/17/22	29.23
03/16/22	27.91
03/15/22	25.74
03/14/22	25.22
03/11/22	24.57
03/10/22	24.31
03/09/22	23.47
03/08/22	24.28
03/07/22	22.71
03/04/22	20.05
03/03/22	16.72
03/02/22	15
03/01/22	12
02/28/22	9.79
02/25/22	7.95
02/24/22	6.51
02/23/22	5.17
02/22/22	4.32
02/21/22	3.82
02/18/22	4.03
02/17/22	4.21
02/16/22	3.82
02/15/22	3.91
02/14/22	3.81
02/11/22	3.14
02/10/22	2.57
02/09/22	2.97
02/08/22	3.11
02/07/22	2.77
02/04/22	2.64
02/03/22	2.14
02/02/22	1.32
02/01/22	0.66
01/31/22	0.59
01/28/22	0.53
01/27/22	0.76
01/26/22	0.71
01/25/22	0.7
01/24/22	0.71
01/21/22	0.72
01/20/22	1
01/19/22	1.35
01/18/22	1.61
01/17/22	1.81
01/14/22	1.88
01/13/22	1.73
01/12/22	1.69
01/11/22	1.64
01/10/22	1.63
01/07/22	1.76
01/06/22	1.59
01/05/22	1.72
01/04/22	2
01/03/22	1.99
12/31/21	2.01

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Sources

Release date

September 2023

More information

Region

Worldwide

Survey time period

December 31, 2021 to September 20, 2023

Supplementary notes

The figures have been calculated by deducting the Urals oil price from the Brent oil price which were provided by the source.

The source specified that the difference is a "daily figure based on last five days rolling average."
Release date is the date of access.

Citation formats

The price of Urals crude oil was recorded at 16.77 U.S. dollars per barrel below the benchmark Brent on September 20, 2023 (based on a rolling average of the past five days). The difference increased after a price cap on Russian oil was announced on December 2, 2022, and took effect on December 5, 2022, but it has been decreasing since end-March 2023. At the end of February 2022 and throughout March 2022, the discount rose significantly, reflecting the market reaction to the Russia-Ukraine war. In August 2023, the average price of Urals oil reached 74.5 U.S. dollars per barrel.

Russian oil price cap

In December 2022, members of the G7, together with the European Union (EU) and Australia, limited the price of one barrel of Russian oil to 60 U.S. dollars in response to the war in Ukraine. The cap was planned to be reviewed every two months to reflect future market developments. The Russian government stated it would not supply oil to the countries imposing a price ceiling on its oil. While the effect of the ban on global oil prices is yet to be seen, it is expected that the ban would benefit other oil producing countries, as the EU would have to replace Russian supplies with other routes. Germany and Poland were the leading importers of Russian oil in the EU in 2021.

EU ban on Russian oil imports

The EU ban on Russian seaborne crude oil imports, announced in June 2022, took effect on December 5, 2022. Furthermore, refined petroleum products will be included from February 5, 2023. Even though the EU prohibited imports of Russian oil and refined products, it still allowed their transport to non-EU countries as long as they are purchased for 60 U.S. dollars per barrel or lower. As a result of the ban, Russia's oil production was forecast to decline to 438 million metric tons in 2022, down 10 percent from the previous year.